OFFERINGS PARADE CONTINUES!

Two more mlps last night announced stock offerings. El Paso Pipeline Partners (EPB) announced its second stock offering in the last 6 months. The last one was with the stock at 19. Now in the mid 20s they are doing it again. Targa Natural Resouces (NGLS) also comes to the table with a stock offering. Both stocks are trading down a dollar in the pre market.

Elsewhere this morning its quiet after yesterdays 2 point -ish mlp sell off if you want to call it that.

We might be in a topping area in here with the trend line down in the 280 area. But we still have seasonal factors at play. Dollar is down and 10 year yields are up this morning in pre market trading. Crude and nat gas are off a touch this morning. Stock futures are higher going into the open but nothing overly exciting.

Some tax issues regarding MLPS have been coming up including the annual rumour about tax changes in mlp land. Seeking Alpha addresses it in this piece published a few days ago. Eagle Rock Energy Partners (EROC) is ammending some issues regarding their recent deal. Not much else happening this morning on the news front.

Finally i blogged about my recent experience regarding a biased survey i was asked to be part of on the issue of climate change. Here is more on the story.