Crude continues to move unrelentingly higher in an almost parabolic state..up 2 dollars and just under 126. Bigger energy stocks are selling off along with the stock market which is at the lows of the day. MLPs on the other hand are not acting badly. In fact take a look at the usual suspects from months back that just couldn't catch a bid...and they are now getting some. Nothing huge but still it is up. Linn Energy is up 34 cents to 22.61. Constellation is up 30 cents. Legacy Partners (LGCY) is up 1 and change and is among today's big winners along with Natural Resource Partners (NRP) Alliance Holdings (AHGP) and Oneok LP (OKS).

Kinder Morgan (KMP) and Enterprise (EPD) are down 50 cents each and probably make up the bulk of the nearly 1 point loss in the mlp index.

Cheniere Energy (LNG) is getting crushed today on earnings at 5.68 down 2.22 as prospects for survivial here could be an issue. The MLP (CQP) is down a bit less...0.55 at 10.71.