MLPs fund their backlog of new infrastructure projects with an approx balance about 50/50 of new debt and new equity
Its what MLPs do.... Works fantastic when times are good... Gets problematic when unit prices are low and the cost in dilution and distributions are higher
S&P 1700 is just over -5% from here..... Todays S&P close is just 14% off its high
Better bet is S&P 1600 which is 23% off the high.... Meaning that the 1600 level is just below a confirmed -20% correction
This is currently about 55% off its highs
Thinking of making very large EPD purchase in the high $18s... Which would be about 30% below the recent (Jan 4) $100 mil insider purchase @$26
if there is any significance beyond the utter destruction of the equity... who knows
There is a Forbes article about low energy prices explained by " a little ditty about Jack and Diane"
Well worth the read
Of course a poster on this board disagrees... and the chump knows who he is
surely you are capable of directly addressing an issue that you brought up.
you must have some form of factual basis to share
shares have rallied over 10% since your original post (over 15% on Friday), how does that fit in with your hyperbole?