CT Programmer

Midstream MLPs Crashing, Present Opportunity

Great article. I have both EEP and OKS and I think they are solid investments. Unfortunately, like you said in the current market valuations are out the window and both the good and the bad are being sold off heavily by hedge funds and panicked investors. If you buy in, expect that the price will continue to drop. So I'd buy immediately prior to the cutoff date to receive a dividend. Who knows when anything will hit bottom, but at current valuations these companies are a steal, even if they'll go lower in the short term. And they'll be the first to recover once the "all clear" whistle is blown. At least with them you get paid generously in the meantime to wait for some semblance of normalcy. Also note that MLP dividends have special tax handling both within and without an IRA, but nothing a normal tax-prep software program can't handle. But I recommend reading up on MLP's and their tax implications before investing. Avi Morris has some good blogs regarding MLP's on Seeking Alpha (seekingalpha.com/autho...).