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Wednesday, October 24, 2007

IF ITS SAYS ATLAS..ITS GOT TO BE HIGHER!


While the rest of the market is in a sink hole this morning and MLPS are slightly lower on the index...anything with the word "Atlas" in it is taking off this morning. Atlas Holdings (AHD) Atlas Resource (ATN) and Atlas Pipeline Partners (APL) all up 1 point or more this morning as they continue to react to their hefty distribution boosts yesterday. This seems to be putting a bit of a floor underneath MLPS as a whole. Constellation Partners (CEP) boosts its distribution by 22% but the stock is just flat this morning.

Market weakness will probably hold us back this morning. We've got 4.37 on the 10 year which is supportive. Atlas Pipeline's spread is over 3 1/2 points on the yield so as mentioned yesterday the big yielders have some room to run.

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