MLP’s in an Incredible Rout
By: Tim McPartland,
October 8, 2014 10:20 am
MLP’s are getting soundly routed today in a downside move that is the largest we have seen in years. Likely bargains being created, but who knows with oil dropping again.
We certainly picked a bad time to try to flip a MLP for a buck profit–instead we have a buck loss. Extreme caution needed in the energy sector now by income investors.
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50% of the MLP universe is off at least 3% at this moment.
Tim McPartland
Connect with Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
