PENN VIRGINA RESOURCES FILES FOR IPO

OF ITS GP...STOCK DOWN....

BUT MLPS SLIGHTLY HIGHER THIS AFTERNOON.

The market turnaround has added more support to MLPS which were higher but not by much. Most issues plus or minus 30 cents of yesterday's close with more higher than lower. Penn Virginia Resources is another MLP who is IPO-ing its general partner. The stock is the standout loser today down 1 and change.

Energy Transfer Partners is flat on the day and its general partner ETE is up 20 cents on good earnings and the conference call. Sometimes it takes a day or two for these to catch fire.