My retired father has asked what I thought of YMLP as an addition to his retirement income - helives off a small ss payment and high dividend shares. I know nothing about YMLP. Question is if you were retired and counting upon a continued income stream, would you invest in YMLP or is there something better out there that pays 12%+ in dividends/distributions?
After a number of years invested in midstream companies I've developed my own metrics. Right not I see support for JPEP at $5.00-$5.50 (can't reduce the price more specific than that), but also see the potential for the cost to go down to $4.89 before a major upswing. If it does reach $4.89 before May 8th, I'll put an order in to buy 1,000 shares.
Not criticizing or hyping the stock....I just like to put my conclusions out there to see how good they are and what comments I receive after my 5/8 date.