Updated: May 6, 2016
In the energy sector, a number of companies operate as master limited partnerships (MLPs) to avoid double taxation and offer a high income yielding asset for investors to buy on the open market. MLPs were solid performers until late 2014, when oil began to fall, looking desperately for a bottom that never seemed to come.
Oil remains far below its prices earlier this decade, and it may fall again to $30 per barrel. But if oil prices drop again, the decline won’t be as aggressive as the dramatic plunge we just saw.
Crude’s Breathtaking Drop
The chart continues to look ugly, but some tailwinds are likely to keep oil from falling below $30 for very long.…