I am as surprised as you are about the price drop of VNRBP. The other went down but not by that high a percentage.
Recently received a K-1 for VNR even though I do not own any of the LP shares. Only own some VNRBP. Do you know if the preferreds also generate a K-1? I thought that only the LPs shares. Did you receive a K-1 from VNR for your preferred shares?
I would not sell based on this. BBEP has some recovering to do and AIN'T done it yet. It is just getting warmed up. BBEP will be tracking price of oil for months to come. When its price stabilizes for a while in a tight trading range then BBEP will be trading on its own fundamentals. But there is going to be at least until the end of the year or into 2016.
I plan on selling at about 14 to 16. Until then will be happy collecting the dividend.
RBC the Canadian bank sent me a warning when I bought some SDRL while it was still trading in the PINK Sheets. Then three months later after it was trading on the NYSE they sent another analysis stating how great SDRL was.