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Plains All American Leads Rebound in Pipeline Partnerships

  • Market beginning to isolate Kinder Morgan, investor says
  • Kinder Morgan shares extend losses after dividend reduced
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Plains All American Pipeline LP led gains among pipeline stocks on speculation recent losses were exaggerated by dividend concerns at Kinder Morgan Inc.

Plains, based in Houston, rebounded 9.4 percent to $20.47, recovering most of Monday’s 12 percent drop. The Alerian MLP Infrastructure Index increased 2.8 percent, the most since mid-November. Targa Resources Partners LP, Energy Transfer Equity LP and Williams Partners LP all rose.