EV PARTNERS BOOSTS AND

WILL BOOST AGAIN!

No surprise here as E V Partners (EVEP) goes to 62 cents on the distribution up from 60 cents as they told us before. But they are also telling us now they will boost again next quarter. Also this morning we have earnings news from Teppco (TPP) which look solid. This pretty much has been the story for the whole group with a few excecptions like Calumet (CLMT) and Cheniere (CQP). And they yields continue to remain high on a long term basis and yield spreads have only dropped slightly. So we continue to mount a very slow repair job.

Crude oil is selling off by about 1 dollar as supply concerns decline and dollar rally is putting pressure on prices. Nat gas is selling off as it corrects from a big up move yesterday when we got to an 11 handle. The dollar as we said is stronger against all major currencies as the fed meeting begins today with a decision due out tomorrow. So it may be appointment only trading until then.

Headlines as they break this morning.