The adjusted unit price including distributions and splits since 1/7/00 is under $9.
Last, when interest rates went high in the late 1990s the spread between treasuries actually decreased. The historical correlation between treasuries and MLP yields has been as high as .85 (1995) and decreased steadily to about .5 in 2004. That correlation actually went negative when hedge funds and other speculators stepped in a couple years ago and the correlation now appears to be returning to the norm.
In looking back on the historical data, Kinder and ETP were closer to 225bps over treasuries when the market place was fairly stable in the early 1980s. I also note that almost nobody, including brokers, even knew the name MLP in 1980. Today they know they name, but most could not tell you about the structure or them.
I for now will stand by Dan Duncan who continues to reinvest all distributions and buy millions of additional units. Until he goes I will hang in there.
To add one more point to the Dan Daniel's story. Not only does he continue to buy more EPD but he also was smart enough to buy mega shares of EPE at $35 just a couple of months ago. EPE is $40 today. I also will stick with him. Bought more EPD on the pullback today.