The mlp index is basically unchanged after opening lower and trading down over 2 points. As mlps go ex-distribution they sell off in the morning as yield holders cash out and then start to rally back. Take DCP Midstream for example which went ex-distribution. It traded down from 17.69 at the open to 15.91 and has now made it back to 17. Stand there with a catchers mitt and you could get lucky.

Atlas Energy Resources (ATN) and Atlas Holdings (AHD) are up 1 apiece and for the latter its a huge percentage gain. Inergy (NRGY) is down but off its lows on distribution and earnings. Magellan (MMP) is down just under 1 point on earnings.Holly Partners (HEP) continues to absorb its equity offering and its down fractionally.

Other winners today include Enbridge (EEP) Alliance (ARLP) Boardwalk (BWP) Exterran (EXLP) all of which showing nice fractional gains.

Crude is up 2 dollars and over 56 bucks as it breaks out above the 50-55 range its been in lately.