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Pipeline MLP's Drag Down Shipping MLP's.

Summary

FERC tax regulation trashes pipeline MLP prices.

Shipping MLP's trade very weak as well on contagion and possibly being in the indices.

FERC descision only applies to interstate pipelines, no effect on shipping.

Basically the 3 point above show what I wanted to get out. The FERC changed a tax rule and may pipeline MLP's are down > 10%. This is a specific rule for interstate oil and gas pipes, so no effect on shipping. Shipping MLP's trade weak as well, potentially offering a great entry opportunies.

Some Shipping MLP's:

GMLP, DLNG, TGP, HMLP, KNOP