or EVEP, into the 6th year now of .001 per qtr increases.
It takes 10 quarters (2 1/2 years) for each 1c increase.
don't really understand comments about this being volatile.
Look at a chart and you see that for the last 9 months this has stayed in a very tight range between 50 and 52-ish. You could hardly find a less volatile security.
Even less reason to sweat as a chart reveals that the price has been locked in a very tight range around 50-52 for about the last 9 months. Price could hardly be less volatile.
That does not follow from what I said.
You are apparently unfamiliar with trusts.
A trust is simply a legal structure - there are no management, no employees, no offices or buildings.
Operations are handled by a separate company, often but not necessarily by the company which created the trust.
Similarly a trust cannot engage in business activities once it is created...no hedges can be applied, no reserves can be acquired, no debt taken, etc. All a trust does is collect royalties and pass them on to unitholders. That is handled by a banker on a part time basis (the trustee), who is responsible for many trusts.
Would be very ignorant if there was talk of a trust doing a secondary.
Trusts cannot issue units so there can be no dilution.
Existing holders can sell the units they own but that doesn't result in more units collecting a distribution.
these posts are just silly.
The distribution is falling so the unit price is dropping.
What is so hard to understand about that?
Like the other guy said, why do you need to invoke conspiracy theories?
be aware that most of the replies on this message board are wrong.
So do your own research and beware following advice from message boards.
But you do need to declare everything on the K-1 (assuming a taxable account) and the IRS gets copies of the K-1 so they will know if you blow it off.
If you have absolutely no idea what to do then you probably need to go to a tax accountant this year.
you think they send the K-1 out just for the fun of it?
Note that the K-1s are reported to the IRS too (just like 1099s, W-2s, etc).
Ignore it at your peril because the IRS knows.
I get over 40 K-1s each year and know pretty well how to handle them.
Ignore the broker 1099 (delete this entry if you downloaded your 1099), report all the numbers from boxes 1-20 of the K-1 in the appropriate places and report your sale using the sales schedule information from the K-1 - there will be an ordinary gain component as well as basis adjustments which make the broker download schedule D entry wrong.
You explained it yourself b y using the words "a few other".
The vast majority of MLPs are doing fine.
A few are doing poorly.
There can't be a disconnect as the Alerian index values are derived from the current prices of all the constituents (just like the S&P 500).
You are thinking in terms of stock/shares. When you own units in a partnership you become a partner and are allocated a proportional share of all income, losses, etc of the partnership. So the income in question refers not to income to your brokerage account (like a distribution) rather your share of partnership income. And if partnership income is positive you would be liable to pay tax on it een if you are collecting no distributions (that has been the case with CEP - no distributions but positive reported income and hence tax to pay every year).
As for BWP, the income is not likely to be positive and even if it were it all evens out when you sell, so for you there is likely to be no extra tax liability however if you get a K-1 you still need to declare everything on it and report your sale using details from the sales schedule rather than just your broker 1099.
Whether you get a K-1 in this case depends on what you mean by a short time and precisely when you held it (the amount of income has no bearing on whether you get one). Many MLPs do their accounting every month end, so if you held less than a month and never oer a month end it is possible you don't get a K-1. If you held over a month end, almost certainly you will get a K-1.
So they award themselves bonuses as a reward for this...?
"we reduced our distribution with respect to the fourth quarter in order to utilize internally generated cash flows to fund growth and improve our leverage;"
not interested in following you on twitter or anywhere else, however everyone here knows that all the trades you posted on this board have been underwater for months before you finally manage to get out at breakeven or small profit. So the majority of the time your funds are locked up in underwater trades. Doesn't sound like much of a record to me.
In fact, the Alerian MLP index is within a hair of all time high and has set quite a few new all time highs already in 2014. You have no idea, do you? Just making things up.
You want numbers? ^AMZX was at 1575 on Friday. All time high was 1598 on 2/18/2014.
So 1% off the all time high which was set within the last two weeks. And that is the index which tracks the 50 main MLPs. There are about 100 MLPs in existence so this index includes all the important ones.
Your assertion that MLPs are at depressed prices and that MLP outperformance a thing of the past is simply silly.
K-1 is not triggered by distributions. You could get zero distributions but if you're a unitholder you still get a K-1. Example: CEP is an MLP which hasn't paid a distribution in years. K-1s still issued every year.
The point of a K-1 is to allocate your share of partnership income. That is still true even if you get no distribution. And you DO need to file the numbers from the K-1 as the IRS gets copies.
Guess you haven't read the explanations for that backwardation.
I posted several articles about it on this board within the last 2 weeks.
Look for them if interested. Otherwise keep losing money.
That's because the norm (almost a century of production up to 2005) was an environment of steadily increasing global production. Since 2005, global oil production has been flat despite massive investment, doubling or tripling of costs and prices 2 to 3 times higher. There is no going back to that old norm ever again since we are now on the peak oil plateau. Flat global oil production (excluding NGLs, biofuels, etc) is now in its 10th year.