It would be the strangest trends yet pre-secondary. Most of the time (let's take Line recently), the stock starts to rise significantly beyond trend and hits a 52 week high. You say Peers, KMP, ETP (more likely), and many other MLP's have been to the market for more money. So, that doesn't hold weight. EPD is actually nearer to December lowers than 52 week highs. The last time they did a secondary the price was over $44.
The put/call ratio is also under 1 and the short interest is normal.
So, there is nothing that suggests a secondary at all. It doesn't mean there won't be one, it just means that the indicators are not present, specifically we are below the 52 week highs and higher put/call and/or short interest.
No, the issue is that the fund managers are taking thier profits out of the MLPs in a period where liqudity is needed. No more, no less. It came back. You won't see it under $40, even an earth quake didn't do that for you.
It's under $40...making a 2nd much less likely. But note EPB,LINE,EVEP,BBEP,PAA,DPM,and EXLP all had 2nd's in March. But I now agree, with where EPD is now trading...and give the markets condition, a 2nd is not in the cards at this time. I'm a buyer. GLTA and God help the Japanese people.
I wish I'd had my finger on the trigger. The yield is 8.47% at that price so it would be profitable to buy on margin. Congratulations to whoever bought it and to whoever sold it, what the heck were you thinking?