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Thursday, August 13, 2009

The mlp index is down by half a point after being up earlier but most of the big mlps are down fractionally causing the drag. Markwest (MWE) is losing 1 on its stock offering. Otherwise most mlps are in a range of plus 50 cents to minus 50 cents. Nothing stands out as we wait for the market which is holding up well considering the horrible retail sales number.

Nat gas inventories were less bearish than usual but that matters nothing as nat gas just cat get out of its own way...basically flat on the day right now after being higher earlier.

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