Yes, CPGX, the GP of CPPL, is being acquired by TRP. Today's big sell off in CPPL is probably due to the uncertainty of how the new GP (TRP) will treat CPPL. Lots of unknowns.... BTW, no offense, but I'm amazed to read posts from people who own units of CPPL but don't seem to be aware of today's extremely significant news!
Is there a reason for this unending slaughter? Perhaps one of the hedge funds with a large position has been selling out, I don't know. I've sold all the MIC I held in my IRA, but still have some in a taxable account. It looks so cheap, but I won't be buying until this ongoing plunge comes to an end.
Just wish I had a clue as to what the hell is going on with this thing!