Seadrill Partners LLC. (fka SDLPQ)

[jugs]

Good to hear back from you, always fun discussing stuff with others.

My biggest issue with SDLP is that I doubt it will hold up well whereas it's obvious ALDW is managing nicely so far. Some of these MLPs live and breathe on the backs of their distributions. In fewer instances, though, a good one will be a launch point for those wishing to become longs. I've been expecting as much in the case of ALDW.

It remains to be seen if I'm calling it right and for that reason even I am not ready to commit more cash to it. NGL---That's a different story given that everybody knows it was unreasonably beaten down.

In short, I think it would be reasonable to expect to find SDLP drop more than the amount of the 10 cent distribution. And it will drop still more as people realize there's nothing to hold the unit price aloft for ninety more days. And even then it's only a thin dime.

ALDW might pay about a half dollar next go-round. NGL is certainly good for at least the announced 39 cents.

These are fascinating times for us oil and gas folks.