DISTRIBUTION BOOSTS FOR THE

ENERGY TRANSFER PAIR!

MLPS OPEN A LITTLE HIGHER BUT NOT BY MUCH

Its a nice distribution increase for both Energy Transfer Partners (ETP) and Energy Transfer Equity but there was this registration statement filed yesterday as the company is offering 2 billion in securities. Looks like they are out shopping for something. But the market doesn't seem to care so both stocks are lower this morning by fractions.

Meanwhile this morning MLPS opened higher but the index has now turned lower by 2 cents. It remains above the 300 level but barely. It traded down to 299.76 yesterday before closing at 300.40..down over 3 points. I am looking for any clues that the selling pressure is abating but no obvious signs yet. MLPS had a tough time in 2005 when oil last spiked above 80 bucks. I am not sure if there is a connection here. But i guess its just teeth grinding until we can gather some footing.

No other corporate news this morning and no upgrades or downgrades on the list that i could find.