I agree but it is always a concern. A positive here is that the book value is about a $1 about the current trading price. This lends credibility to your statement.
depending on your hassel level and how much you buy positive UBTI may not be a big deal to you. You get $1000 total per IRA account, cannot subtract the negatives from different stocks. The custodian figures the tax if above the $1000 and may charge you for the work, best to check before you buy large amounts. I have done several MLPs in the three accounts that I have for several years and have never had a problem but it is definitely a possibility and always a first time. From my point of view no big deal, primarly after dividends and distributions at this stage.
Not trying to offend anyone here but STON does not pay dividends, they pay distributions. As an MLP they can show a loss and still pay distributiions and many MLPs do that year after year. Granted much better to make a profit then they can increase the distribution. A concern for the IRA investor is their UBTI which if high enough makes the distribution taxable even in an IRA, too big a subject to cover here.
i am in the same boat here and have not been able to find anything. of course we realize that their business is going to be directly proportional to the price of oil/ng but it looks like the market has bottomed. perhaps it has not. also it is obvious that interest rates have a big effect but this is across the board for MLPs, so i need a little help here as well. meanwhile i guess i will just take the distributions and hope that the current projections for cash flow are correct. at the rate we are going we will retest the low.
hope this helps a billion here and a billion there after a while that runs into money. to the big "O" its small change, take heart its all going to #$%$, on the other hand we may survive the next 18 months but only if we are lucky, have a great day.
i have usac and exlp, without actually looking at last years k-1s i think the UBTI for last year was negative. there are many rules about UBTI in IRAs that you should read about that you can find with a little web surfing
i cannot get the march earnings on the 10Q to agree with the yahoo numbers, other than that i would go as well with daily fluxuations, but do not like the short interest for sure.
judgeing from this news it is comforting to know that quite a few investors must like the companies, not sure i understand the struction well enough to be anything but dangerous, anyway long term looks ok
well i will confess to being too lazy to do any more extensive DD and hoping that someone on the board has a good arguement the other way, i am long here in my grandchildrens ED IRA accounts, but that is a long term thing, at least after today we will know the current quarter earnings.
i apologize if i have confused the issue about dealing with k-1s. in an ira. there is no disclosure other than UBTI issues for MLPs in an ira. my comments on the k-1 to 1040 paperwork should have been directed to non ira ie regular accounts.
i am blessed i retired in 2000 at 58 from an aerospace company with a good 401K. went to cash just before the NASDAQ drop from 5500 to 2500? i will confess that it has been a struggle since to try to stay ahead of the commodities market fluxuations. looking back i should have been more balanced and been partially in tech or retail like AAPL. if you follow oil you know the 2 major hits during that period--147 to 30 and now the 105 to 42. i like MLPs for the distributions and have lived with the k-1 paperwork at tax time for the little i have in a non IRA account , other than UBTI there is not filing required of the k-1 in an IRA, keeps the mind sharp anyway. wish you the best in CCLP, i have it in a grandsons account, he is 8 so i can afford to wait and just see what happens, as you know the commodities market is like the weather subject to change on a daily basis.