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Investors in energy-focused master limited partnerships could be forgiven for crying uncle. The sector rebounded late last week, but the midstream benchmark Alerian MLP index is still down a brutal 16% in January, and 46% for the past year.
The problem here, as with global markets, is falling crude-oil prices. In good times, MLPs don’t correlate with oil prices, since they mostly earn revenue from long-term contracts based on volumes of gas and oil they transport; but in bad times, they do.
Regards,
Ted
https://www.google.com/#q=Energy+MLPs:+From+Bad+to+Worse+Barron's