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Friday, January 26, 2007

MARKWEST SPLITS 2 FOR 1 AND RAISES DISTRIBUTION...PULLBACK CONTINUES IN MLPS!

Sorry for the late morning post first post but i had to work a double shift last night. Last night Markwest Energy LP (MWE) announced a distribution boost to 1 dollar and a 2 for 1 stock split so the stock is up 1 and change this morning. Regency Partners (RGNC) is down 80 cents as it announces a distribution that perhaps was not good enough.More importantly it lowered EBITA due to project delays. That's probably having a bigger impact.

Raymond James lowers Boardwalk Partners to buy from strong buy and the stock is down 1. E.P. Partners announces its distribution and affirms the pre-announced increase for next quarter. The stock is down 20 cents.

The MLP index is down 70 cents and sits above 290. Energy is up as is big oil and gas. So lets see if this strength holds us up.

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