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Thursday, March 01, 2007

An amazing morning where the MLP index at one point was down 3 points and it has now turned around and is up over 1 point at 301 and change and at new all time highs! It certainly looks like the overall market is trying to turn here after a climax selloff this morning at down 200 on the dow.

Crosstex (XTEX,XTXI) taking hits today with the LP taking it worse...down 2 points and change as a slowing distribution growth doesn't have holders happy...and they could do better elsewhere i suppose in the meantime. Crosstex (XTXI) was down over 2 points but has gotten most of that back at this time. Holly Partners (HEP) is the biggest loser other than Crosstex down 60 cents. Kinder Morgan(KMP), Alliance Resource(ARLP), and Energy Transfer Partners(ETP) are leading the way on the winners side with nice fractional gains.

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