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Monday, September 24, 2007

The tape remains very heavy in MLP land. Higher opens continue to be met by a steady stream of sellers that don't seem to want to relent here. The index is down just shy of 1 point after a being up earlier. Regency (RGNC), Buckeye Holdings (BGH) Teekay LNG (TGP) Duke Midstream (DPM) and a few others down strong fractions to nearly 1 point.

Kinder Morgan (KMP) is a small winner today...so is E V Partners (EVEP), Oneok LP (OKS) and Penn Virginia Resources (PVR).

No news drivers today so its just the typical ying and yang with the downside bias.

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