MLPs have been hit hard over fears of tax changes due to the fiscal cliff. What some investors may not realize is that MLPs do not pay dividend, they pay a distribution which is treated as a return of principal. There is no tax implication for MLPs if we go over the fiscal cliff. So if there are those who are panic selling for fear of the tax increases on dividends, they are selling for the wrong reasons. There could be others selling to book capital gains for the year prior to any tax increase for capital gains next year. Same story with RTK.
TNH is rallying well thus far today. Quite a similar business and MLP though there are probably fewer with capital gains as large as those that RNFers may have. Thus, if the selling pressure in RNF is due to booking capital gains ahead of a potential cap gain tax increase in 2013 and TNH rallies up, then RNF may at least begin to base in this range.