Is due to the guidance that distribution growth will slow considerably next year
2012 grew by 8% over 2011
Guidance calls for 6% growth moving forward for 2013 (thats -25%)
Probably the law of bigger #s as much as anything but a slowdown in the distribution growth is a negative and caps the value of the units. We won't see $90 again any time soon
but it also allows the DCF to dist ratio to become healthier
Article by analyst this week called for 16% unit price growth for MLPs in 2013 but I don't see it.
I think the year will be rather flat for MLPs if not somewhat negative