Any insights into the selloff?
Duncan management is the same as Enterprise management. They were related companies, so office building etc.The whole MLP sector started selling off today at around 10 o'clock. Who knows. It wasn't related to just EPD. The MLP sector has always been subject to spurts of volatility and huge sell offs followed by slow but usually steady recoveries.
It's the Tax issue again. Apparently Boehner made some remark saying that partnership taxation is on the table and some have construed that to include MLP's. Look at the spike in put activity today.