LINE downgraded on Friday, probably part of the reason for the pullback, though still a nice recovery from the announcement of the secondary. Moving forward, article in Barrons this weekend about LINE and what they deem to be questionable account measures for their hedges as well as calling the reliability of their distribution into question.
Despite no other MLP's being cited in the article (or downgrade) I suspect the whole sector will suffer temporarily in the near term. LINE is certainly very aggressive in their hedging of Natural Gas prices which, from my understanding EPD does little of. I would certainly enjoy other's thoughts on this.