Look you guys, I am a total Buckeye hog having holdings over five years. BUT I am looking at the articles on MLP's questioning the Maintenance Reserves. You can do your own DD, but Buckeye owns thousands of miles of 40 year old ERW welded seam pipe. There have been some significant fires relating to this type of old pipe including the PG&E San Bruno fire. There is no periodic replacement schedule for this pipe....it is only repaired. So....how long can this go on before regulators decide to require the old pipe to be replaced.
I added today also, $66.30 . 6.5% divy at that price is just too good to pass up. Will buy more if we go any lower. This is wonderful for my retirement account. Long term holder here, and loving the dividends. ( I know they are not dividends but they spend just like dividends.