BWP Blows Up Yesterday; $3 Billion Mkt Value Lost

[wilmawatts]

“ Boardwalk Partners (BWP) units traded down 46% in one day. . . .One other MLP to consider that could be particularly risky is Kinder Morgan (KMP). Hedgeye, an investment research firm, posted a report advocating shorting/selling Kinder Morgan units, and a summary of their argument was written up in Barron's. . . . “

"This is a stunning reminder to MLP investors that equity in MLPs is not necessarily "safe". Dividends are not necessarily "secure"."

so much for safe high yielding investments in oil infrastructure

glad we have Dan to weed out the risky plays

[cviller]

Yes, a hat tip to Dan for keeping that one off the high-yield list.

[dan_s]

Don't give me too much credit. It was on our MLP Watch List. Actually, I think BWP will bounce back but it is going to take awhile before they increase distributions. Better choices out there.

Read our report on MMP that will be sent out tomorrow morning. It is a good one with a ton of upside for us.