EAGLE ROCK GETS ANOTHER OFFER

Its not exactly a chart that inspires however apparently the minerals business does as Eagle Rock gets a second offer from Black Stone group to compete with the Natural Gas Partners offer they got about a month ago. Nice to have something someone wants and this could push the stock back to 5 bucks but note its a long way off from the highs in the 20s not too many moons ago.

Monday morning in a week where we should be hearing more about distribution increases from MLPS. A few have announced so far but the bulk have yet to inform us. Otherwise its a firm tape on stock futures this morning. Crude is down a little and nat gas is up a little. Crude btw is nearing 80 bucks in here which is not quite halfway between the 150 high and the 33 low. 94 is the magic number there.

Headlines as they break this morning.