I was wondering the same thing. I have NRGY DPM and MWE, all of which are declining in step. All are MLP's in similar businesses. All three have nothing but good press as far as I can see. I'm hanging on though, these have all been good to me over the past 4 years. I've added as much as I can afford on what I thought were dips and now I wish I would have waited a little longer to buy.
Increased guidance. Great DCF. Increased distribution. Awesome last quarter. No big insider selling. Great safety stocks in times of uncertainty. Nothing to do with Greece. I don't think it's a lot of institutional selling. Maybe the entire sector just ran up too much. All the MLP's were overbought, now they are oversold. What about the drought in Texas? Fracking uses a lot of water and they are competing with farmers for crops. Most firms reuse water. No chatter in Congress about tax structure. Valuations are good. It's not like solar is taking over and you can kiss nuclear goodbye. Nat gas has to run the a/c in DC. What gives?
"Nothing to do with Greece." Nothing to do with Lehman either but it still got killed when Lehman went down. Possible seizing up of credit markets would be a very big deal for MLPs. I like MWE but don't underestimate risk.
Did you ever stop to think that the sellers at this point don't have a clue, and preobably know less than you. It appears from your post that you have done your due diligence and are satisfied with what you found to have a "Strong Buy" sentiment on MWE.
So take your own advice, buy some more if you can and relax.
same here. I own a ton of epb and line. All are declining like the world is ending. I'm also holding. The div. is too good to sell down here. Could it be that the hedges are getting margin calls on their gold, silver and copper holdings and are selling off their stocks to answer them? That's what I have heard.
At some point, the dividends will have to support the price of the units. NRGY is over 8% now. Where else can you get that kind of return? If these MLP's start cutting the divies, then we are in trouble, but they haven't been doing that yet.