Asset sale ahead of schedule, oil up 1% today, ex div feb-5, and we're down. time to buy more ?
Obama showed his true colors in his inaugaration speech. He would rather spend more money, heal the planet, before fixing the country's economy. Despite Obama the domestic natural gas and oil economy is improving despite Obama, so no its not really related to ETPs downtick.
The fortunes of the MLPs are intricately dependent upon the administrations polices, especially the tax policies. In almost every speech Obama divides along class and race lines. One executive order could destroy a fortune.
Not Bashing Obama for the sake of bashing. Its very related the growth rate and profitability of ETP. ETP business is moving fossil fuels. Critical infrastructure that is growing to meet increasing domestic production of fossil fuels. Obama and his administration is not supportive of domestic fossil fuels, despite what his lips parrot. If Obama would truly get with the program ETP's business would be that much incrementally stronger.