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Wednesday, December 13, 2006

A one point gain on the MLP index and we continue to live in new all time high territory. Among the newsmakers this morning Valero LP is down 1.39 and off the lows of the day on lowering its earnings forecast. Valero GP(VEH) is absorbing the secondary very well down 40 cents. Ferrellgas (FGP) and Suburban Propane (SPH) are down major fractions on the Citigroup downgrades. A nine cent gain for Amerigas (APU) on the Citigroup upgrade. Eagle Rock (EROC) is up 50 cents on the Wachovia outperform.

Elsewere Crosstex went to 40 before pulling back...still up on the day. The big boys of Oneok LP (OKS), Plains All American (PAA), Sunoco Logisitcs (SXL) are up major fractions; smaller gains among the rest of the group.

New issue Atlas Holdings (ATN) priced at 21...opened at 21.80 and is sitting right now at 22.40. Not a bad opening day here.

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