Investors hit the bid on upstream MLPs • 10:55 AM
Stephen Alpher, SA News Editor
•In what's looking like at least a short-term capitulation move, investors are bailing out of upstream MLPs.
•Linn Energy (LINE -7.1%), BreitBurn Energy (BBEP -8.8%), EV Energy (EVEP -7.8%), Eagle Rock Energy (EROC -4.7%), QR Energy (QRE -8.1%), Legacy Reserves (LGCY -6.5%), Vanguard Natural Resources (VNR -10.3%).
•The JPMorgan Alerian MLP ETN (AMJ -2.9%) is down 12.4% over the last month.
•ETFs: AMLP, AMJ, MLPL, MLPI, MLPA, MLPN, EMLP, MLPX, MLPS, AMU, ENFR, ATMP, MLPW, IMLP, AMZA, OSMS
•Previously: Breitburn Energy shelves $400M high-yield bond offering