IMPROVEMENT CONTINUES AND
WE HAVE AN MLP ON THE
52 WEEK HIGH LIST!!!!

Base building continues on the DOW chart and the MLP index chart has been gunning the gas this month. Granted we haven't got to the top of the ranges but we doing all the right things to get there. The distribution news on the whole has been good and the reactions have been even better as we've seen with Markwest (MWE) for example and to a lesser degree Atlas Pipeline Partners (APL).



The sigh of relief rally in some of these issues will soon give way to what happens next quarter if the economy doesn't at least stabilize or if energy prices don't stop going down. Some companies like Breitburn (BBEP) have rehedged themselves in order to improve liquidity and we may see more of that going foward. We did have a distribution announcement from EV Partners (EVEP) which keeps its distribution at .751 cents...you have to love a company that pays out in tenths of a cent!

This morning we have earnings from K-Sea (KSP) which are not out yet as of this post. And there are still some other MLPS which haven't posted earnings and distributions so we wait for them. No upgrades or downgrades so far this morning and we have lower stock futures and lower energy prices ahead of the open.



Congratulations to Sunoco Logistics (SXL) as the first MLP to emerge from the depths and make a new 52 week HIGH!!! Glory.