ENBRIDGE ENERGY PARTNERS
FRONT AND CENTER THIS MORNING

Enbridge Energy Partners (EEP) is front and center this morning as it deals with the Lakehead leak and says that it has cleaned up most of the leak though the pipeline to Canada remains shutdown. The shutdown has put a bid into crude futures which are up this morning ahead of the open. Stock has seen a few trades in the pre market up slight from Friday's close but nothing that we can draw solid conclusions from.

Meanwhile this morning I was expecting to wake up to another one of those LP GP deals that we've seen lately but there is nothing on the tape from that respect. The mlp index closed Friday at just a few ticks under 329 and with the market on a firm tone its seems that the index is poised to run to challenge the all time high on the index which of course we know is at 340. Many mlps are already at all time highs and some are poised to extend those gains like Alliance Resource Partners (ARLP) which is at 57 and at all time highs. Rates however appear to be moving higher on the long end and may have put in a reversal bottom in the last 2 weeks so that might put a bit of headwind in issues that are interest sensitive. Stock futures are solidly higher this morning up 75 dow points and 8 S&P points. Crude is up and nat gas is down ahead of the open. Asia and Euro markets are fiurm and the dollar is down over a cent against the Euro. So all arrows point to a solid day.