My guess, and it's no more than that, is that traders consider that MLPs may well be considered a loophole that Obama, along with John Boehner & Co., are willing to close. If it comes to pass that MLPs are forced into regular corporate status, the generous distributions will wilt.
If that's the fear, it's misplaced. I could see some adjustment to the percentage depletion allowance, maybe IDC deductions, but that would only have a minor effect. After creating an entire industry, they won't just shoot it down, Congress doesn't work that way. Canada reacted because the structure threatened to spread across the whole corporate sector, there's no hint of that happening down here.
There is seldom is one real so no one can say for sure.
MLPs have massive capital gains and investors are selling before taxes go up.
Obama really does hate carbon energy is the fracturing regulations are very uncertain
Most of the institutional money is beginning to believe 2012 will like be no growth to a recession
Tax reform could hit MLPs
Individual have not been in the market in a large way post the crash. Looks like we are now beginnign to lighten our positions.
The pipes really are one of the safest groups around. Line is more secure than nearly all EP MLPs but still it appears the tide is going out.
MLPs are the source of oil and gas production growth in the US. No one will mess with their structure, in fact it was just reinforced by IRS this year.
I think the reason the MLPs going down is foolish confusion that dividends tax rates going up. yes they will but MLPS are distributions and when do sell they are taxed at ordinary income, so its already at top rates.
you make a lot of sense, especially since the plunge did not happen til after the election, boy investing is tough under these conditions. I have a utility fung UTG, and that is also going in the wrong direction, and I relly do like this fund, not highly levereged.