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.
50% of the MLP universe is off at least 3% at this moment.