they have hedge much of their production. nat gas could go to $20, and their Q2&3 production is mostly sold.
of course it is an interest rate play. as rates rise, TGP must fall to maintain the spread between 10 yr and their MLP rate. otherwise, we will all just buy the10 year eventually, and where does that leave TGP?
at this point, august 25th, 2015, EVERYONE that has bought TTOO is holding it at a loss. most likely, we will see selling pressure, and it could be severe.