KINDER MORGAN OFFERING
AS MLPS OPEN HIGHER!

After yesterday's losses we start the day higher in mlp land by 1 point on the index as the dow is up over 100 points. MLPS are being dragged down by Kinder Morgan selling another 6 million plus shares in a secondary which has the stock down 1.50. The market is benefitting from a rally that started last night after China's inflation numbers came out and then getting another boost with retail sales which were better than forecast.

UBS is on the tape this morning as it downgrades Inergy LP (NRGY) to neutral and it cuts its targets on Boardwalk (BWP) and PAA Natural Gas Storage (PNG). It is raising Ferrellgas (FGP) to neutral from sell and is raising Amerigas (APU) to buy from neutral. All these moves has all the stocks mentioned up by fractions so far this morning. Alliance Resource Partners (ARLP) leads the winners list up $1.84 while many other mlps are up major fractions. No other corporate developments so far today.

Crude is a little higher now after being lower earlier and nat gas is much lower again as the selling continues in the energy complex.