MLPS IN RALLY MODE

Sorry for the late first post but it took a little time and the market at least is not dropping and mlps along with energy stocks are rallying today. The index is up nearly 3 points to just under 195. Holly Partners (HEP) is up 2. Plains All American (PAA) and Alliance Resource (ARLP) are up 1. And we have a growing list of fractional winners.

On the losing side we a few issues down led by Penn Virginia Holdings (PVG) which is down all of 30 cents. A few other losers all with small fractional losses.

We're in one of those funny periods of quiet ahead of mlp earnings and distribution announcemnets. Whoops...as i type DCP Midstream (DPM) is up 99 cents to just shy of 15 bucks. I think its growing increasingly likely that this mlp will not be cutting its distribution. Markwest (MWE) Atlas Pipeline (APL) have sold off 1/2 their rallies so i think those two along with Hiland (HLND) Crosstex (XTEX) and a few others a likely to see the payouts shaved.