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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: bruwin who wrote (62628)	10/3/2019 1:59:36 PM
From: E_K_S	Read Replies (3) \| Respond to of 78753

In 2015 I learned all about MLP's and thought I knew how to value their projects. Could have had several college courses trying to understand the difference in tax accounting, depletion allowance, mineral leases, cost of drilling, types of pipeline service contracts. Gets very hard to evaluate one MLP from others and then compare to the Corporate pipeline companies (KMI, WMB). I own EPD and a few others but have my larger holdings in WMB and KMI which use the Corporate C structure. FWIW, I can understand the reason for the MLP structure but probably not worth the effort in filing the K1 reports (FIFO accounting) cost basis. Spekulatius pretty good at doing these fair value measures. EKS