Have been away for a week. MLPs have in general continued to move up significantly more than the marekt in general. Reasons really simple in the "fiscal cliff" fears went away along with fears of MLPs being hit with tax law changes - I note neither of these ever had any real basis in either fact or proposals in Congress. Little to noghing to be gain tax wise in getting rid of MLPs and arec we really going to stop using gas and oil? Seriously?
For ETP and the other "MLP dogs" there has been a reversion to the mean andpeople are now looking at those companies that have a sound turnaround plan and should be increasing their distributions in the future. Combine that with ETP controlling SXL and not depending on intrastate differentials and ETP has moved up. This move is not a dividend capture or any other temporary move. It can continue IF ETP comes out with good numbers with its February release of earnings. Thet would give a move to the $50 area with their covering the distribution and maybe another $ or two if they gave a small distribution increase.