MLPs have been hot the last five years. Early in 2009 if you got in and have held you not only have several that now offer double-digit yields to your cost you have double-triples-quadruples in value.
MLPs will be hot as long as they continue to deliver well above-average distribution growth but more importantly continue to strategically grow without making big mistakes. A lot of people complain right now about Obama's policy of limiting federal lands to fossil fuel development.
I take a contrarian position saying it is the best thing to happen for investors. If government opens lands I see E&Ps and MLPs getting overexposed and into trouble. MMP has a great management team but they came very close to doing a deal to move ethanol through pipelines. That would have turned out to be a huge strategic error. MMP was being egged on by government's agenda..... ANYTHING having to do with government intervention has been the downfall of so many industries; housing being the last one destroyed by government intervention.
So let's hope our MLPs keep growing responsibly and don't get sucked under because of government.