Yeah, I'm sure it happens. Is it an excuse for every bad decision, unanticipated turn of events or plain old bad luck? Not hardly,
but when you're just a greedy, ill-educated small-time speculator, it is certainly handy to have a big old monster to blame for your investing mistakes.
Why do you invest in an MLP? Yield, yield, yield. Right now BWP yields 3.10%. I would expect a quality MLP to yield roughly double that. That would be a competitive rate of return. BWP could yield 6.2% today, but the stock would have to split the hard way (drop to $6.32). Don't like my thesis? Tell me what the divvy is going up to when and why. Oh, and please, save yourself the embarrassment of regurgitating the takeover fantasy.
Not funny at all. Just a little logic and common sense. Sad for longs who got blindsided today and a little sad for everyone who bought on the way down based on price without doing any rational analysis. I like MLPs, and have done well with them, but if you're in it for income, you need to diversify, and I like to do that with closed end funds and ETFs.