SNORTON48 , I don't know why you would post what you did. You don't have any idea what your posting. Not inless you are trying to promote selling. MLPNs ---- ETFs AMJ -.31 (0.80%) MLPI -.22 (0.67%) AMLP -0.07 (0.42%) MLPN -.23 (0.92%) These companies hold 126 energy companies. I don't think thats a terrible day (SHORTIE)
Actually I think the oil and gas sector may come under pressure. I own 14 stocks that are either majors, E&Ps, pipelines or companies that are combinations. All but one is down today because of gas being around $2.75.
Things could get worse because CVX warned after the close that their 4qtr would be under expectations. Even though neither the gas price or the Chevron's problems may not actually affect many companies in the industry operationally, too many hedge funds and traders bolt at the 1st sign of problems.
Personally, I am a long term investor and believe that energy and related industies are the key to the 21st century. I'll collect dividends on those shares I own that pay dividends and use these episodes to incresae my holding of energy related companies.