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Strategies & Market Trends : Value Investing
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Spekulatius
To: Paul Senior who wrote (71680)12/6/2022 7:51:21 AM
From: E_K_S1 Recommendation   of 78750
 
Re: MLP's

Been slowly closing out these positions and moving proceeds into my Corporate pipelines and related companies. I still hold a few including EPD & DCP. Used to own CEQP.

Correction I own ENB which is a corporate structure and EPD is an MLP.

These MLP's defer taxes, are difficult to track cost basis (FIFO vs LIFO) and can create a huge tax liability if/when sold from depreciation recapture. Therefore, I try to avoid owning these.

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FWIW, the corporate pipelines have had a pretty good recovery from the 2019 lows w/ some of my Buys +100% (for WMB). Div yields consistent but not so much growth during that period. ENB did just raise their div this last reporting period.
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