thinking ahead

MLPs: Success Story in an Otherwise Dismal Quarter

Contrary to almost everybody else I don't think KMP (or KMR) is the safest MLP, though it is the largest. I do own KMP, but worry somewhat about the exposure to CO2 during this oil down cycle. I'm not OVERLY worried, or I would have sold. But I also note that KMP has not behaved as well in the past 6 weeks or so as my other MLP holdings. I would put a HOLD on KMP, a buy on BWP and ETP and a strong buy on ETE and EPD. Disclosure: I own all of these.