I recently saw this comment under an MLP discussion:
Who is sick of watching these MLP GPs stuff their LPs? Thumbs up if so.
Next LPs up to bat to get stuffed is ETP (mark my words). That high dividend yield is the siren song of a value trap.
For that reason I pretty much will only invest in MLPs with no IDRs at this point.
Does anyone have any good case studies on how the GP's have screwed over LP unitholders? I've heard rumblings that Kelcy Warren's ETE/ETP complex has a history of doing this, especially when ETP merged with Sunoco Logistics (SXL), but I'm not quite sure how.
Hoping to learn more - would greatly appreciate any examples anyone could share.
Thank you.
Submitted October 19, 2017 at 11:51AM by WalterBoudreaux http://ift.tt/2guP67T
