Nice close in most MLPS...a few showed end of month short covering into the close. Regency Partners did this as did Crosstex LP (XTEX) as they upticked about 50 cents in the last 10 minutes of trading. Hiland LP was up 1 and change to 46. Hat tip to euro-trash about an S&P downgrade of Buckeye LP...the stock closed up a few pennies.

Anybody who had questions about Markwest Energy's recent "stock offering" should link here to the yahoo message board for more info. It explains it all.

Happy weekend!

Enbridge Energy leads the way up 90 cents (imagine what would happen if they ever grow their distribution!) and we have a large sea of fractional gains in Magellan Midstrean, Crosstex (XTXI), Valero LP (UP 5 DAYS IN A ROW!), Northern Borders, Energy Transfer and a few others.

Natural Resource Partners is down 50 cents..Copano is a fractional loser but holding just shy of a 52 week high. A few others are down pennies.

Lunchtime approaches.

Breaking news from Magellan Midstream Partners (MMP) as we have record earnings and the company ups 2006 guidance! And its GP Magellan Midstream Holdings (MGG) comes out with its first quarterly earnings report. Should make for some upside here.

Good Morning!

First catching up on last nights news as Buckeye Partners announces earnings that were a bit lower than first call but we got another distribution increase. Enbridge Energy Partners came out with earnings last night too and no increase in its distribution, Also Northern Borders Partners announces it gets the okay to buy the rest of Guardian. Earnings from Magellan Midstream are due any moment and will post on release.

No upgrades or downgrades but the Microsoft obsession today could lead to a flight to quailty imho...and we are quality!

A bit off topic but for the guy who has everything and would like nothing more than an imported Italian indoor/outdoor wood fired Pizza oven..here it is...an imported indoor/outdoor wood fired pizza oven!!!!! My brother in law imported a few from Italy and he is selling them on E-BAY. Its the ultimate way for guys to cook outdoors! So please link to it and take a look. Its heavy duty and its on wheels so you can take it from outdoors and put it right in your bedroom if you'd like!

Nice turnaround and rally underway. Crosstex LP leads the way up 1.16 and Crosstex (XTXI) is up 60 cents (both are ex-dis today), Enterprise GP (EPE) is also up nearly 1, Fractional gains in Teppco, National Resource Partners (NRP) and Hiland LP.

Copano which I highlighted this morning as perhaps needing a correction is being very accomidative as it is down 2 and change here...profit taking...and we could pull back to the 45 area. For traders this might be an entry point but no guarantees!!!

An all over the place morning with fed speak, exxon earnings, intel "anal"ist meeting moving the tape all over the place. There are also some price change distortions relative to ex-distributions. For example Crosstex (XTXI) is quoted -1.61 when it is really only down 1.01 due to ex-dis...while XTEX is actually 57 cents higher with the ex dis.

The group is mostly lower but nothing tragic on the tape. Copano is down 1 and change but it did this the last 3 days only to rally back. Markwest on its non-dilutive stock sale...i went back and read the S-1 filing and it says clearly on the opening page that the company will recieve no proceeds from the sale. A press release clarifying this might be nice.

Good Morning!

Its Thursday and we have National Resource Partners and the Crosstex Pair going ex distribution this morning. Its a prorated distribution for new issue Regency Resource Partners (RGNC) for shareholders; thats the only piece of corporate news so far this morning. No upgrades or downgrades so far.

Exxon Mobil earnings are out at 8am....get ready for all the political blowhards to blow their windbags!

Copano Energy has had a great run as the stock has doubled from its IPO last year. And why not since distributions have soared to its current 60 cents a share/2.40 annual. Stock broke out from its base a few weeks ago and continues to make 52 week highs. At a 5% yield going foward it is trading at the bottom of the yield range of the group. Chart suggests it has more upside but i am growing a little cautious in here.

Selloff in the oil group as the XOI is down 26 points and some of that selling has spread into the MLPS. Crosstex (XTXI) went from being + 1.34 to being -1 and change in about a 40 minute stretch on no news. Certainly not for the faint of heart but no volume...all on 100 share sales. Copano is also down 1 and change and there are some sizeable fractional losses in Hiland LP, Energy Transfer Equsity is down 50 cents...Markwest is still down but off its lows.

The winners from earlier, Valero LP and Sunoco Logistics (52 week high) are still up but off their highs. Lets see what the last 30 minutes brings.

Nice fractional plusses continue as Valero LP nears 53 while National Resource Partners also up nearly 1. Enterprise Products Partners is ex-dis and up 37 cents...Crosstex (XTXI) is back to 75. Markwest is down on its non dilutive offering...off 1 at this time.

Inergy LP increases its distribution for the umteenth time in a row. Headline crossing on Magellan Midstream as it ups its distribution by 1.5 cents. Earnings due out tomorrow.

Valero LP continues on a tear...up another 50 cents at 52.50. All it took was a distribution increase and words of distribution growth in the conference call. Sunoco Logistics also on a tear as it adds to gains after earnings/distribution increase. Fractional plusses in alot of MLPS even in the ones that went x-distribution today.

Markwest Energy is down 75 cents on its non-dilutive stock offering. I wish investor relations would make this clear but it states this clearly in the S-1 SEC filing that this is a sale of priviate investors stock...not additional or new shares.

Some breaking news this morning as Hiland Partners (HLND) increases its distribution. And we have earnings and a distribution increase from Amerigas (APU). The company is targeting 3% annual distribution increases.

Good Morning!
A slew of ex-distributions this morning including NBP, KMP,TPP,EPD,EPE, AND TLP. Meanwhile its quiet this morning on the news front. Nothing on the upgrade downgrade front. So its waiting for the open to see what it brings us today.

With all the uproar over gasoline prices a couple of stories on the political side. First off there is this story about Congress studying the breakup of oil companies. And there is this story that Democrats are proposing to offer a tax holiday on the federal gasoline tax. James Glassman heard Bush's speech today on the energy mess and was not impressed. And then there is this observation from Knowlege Problem. Thanks to Instapundit for the links.

After the close news...Markwest files an offering for 3 million units. I guess doing the offering now means the new shares will collect the distribution. X-DIS date is next Wednesday May 3rd. I thought these guys were going to wait until after the quarter to do this. One note. There was a Dow Jones news story last Friday 4/21 which mentions that Markwest had filed the offering with the SEC. Why the 3 day delay or did i miss some press release? Okay..sorry folks...i found the headline on Dow Jones from 4/20. This is a selling of units from unit holders that had been in priviate placements and represent 34% of the shares outstanding. So this is not an issuance of additional shares and is not dilutive.

Losers are cutting their losses here...Crosstex was down 2 now down .89..and winners are extending their gains. Relatively new issue Calumet (CLMT) is up 1 and change and over 30 while Valero is up 1 and change. Hiland LP, Transmontaigne, Northern Borders Partners and Suonoco Logistics are up nice fractions.

Valero LP charts for your viewing....note the daily breaking above moving averages for the fist time in a while.

We have some headwinds in the group today with the spike in the 10 year to 5.07 and the selloff in the XOI/XNG indexes...although by no means out of control. Still it is holding back MLPS although volume is low...which is a good sign.

Valero LP is the big winner today up another 1.13 to over 52 bucks as we get more support from the good earnings/distribution hike plus the Deutche Bank upgrade this morning. Also higher are National Resource Partners (NRP) and Sunoco Logistics (SXL) along with Teppco which is now back over 38 bucks.

Crosstex (XTXI) is down 1.33 but on non-existent volume. 100 share buys and sells in this thing and you get 50 cent upticks or downticks. Also down a touch are Copano (CPNO) and Markwest Energy (MWE). Holly Partners is down 50 cents on its earnings. The XOI is coming off its lows of the day...still off 15 points after being up 15 this morning.

Holly Energy Partners (HEP)starts the ball rolling this morning. Earnings were 2 cents shy but we get a distribution increase. Also Enterprise GP Holdings (EPE) has earnings out today and they look good....earnings from Enterprise Products Partners (EPD)were released as well.

No other news to speak of so far. We do have an upgrade from Deutche Securities as it upgrades Valero LP to BUY from HOLD!.

10 year is at 5% even. Oil reobounding from yesterday's selloff.

Good God...my apologies as blogger was a hideous mess and i could not get anything published but things seem to be working right now so i won't waste time. Sunoco Logistics and National Resource Partners are the big winners today up over 1 and change apiece. Valero LP is also is up nearly 1 as we get a distribution increase and a positive outlook after Q2. Markwest Energy is also up nicely on Friday's after the close distribution boost.

Most of the group however is lower. Copano (CPNO) is the biggest loser on profit taking on its nice run to 48 this morning. The losers are down but none based on any corporate developements. Crude Oil sold off sharply today and the XOI is down 20...which is probably dragging down some of these. 10 year rates back under 5%...supportive.