Thanks for your input, Pete. Always clear, open and honest!
I've got just about 800 u of ALDW, not my style to bother with such a small number of units. However, I must admit I'm reluctant to add, given that oil has exhibited a direct correlation to our MLPs in its downward spiral. What with oil finishing beneath $48 today, I could believe we'll see $42 before this debacle is over. If that should occur, then we're looking at a 14% sympathy drop in the refiners. That's a year's worth of distributions!
My inclination is to wait for at least a modicum of market firming before springing for "early" cash repositioning.
This is feeling more and more like a proxy in a way. We have little reason to view the MLPs as reasonably priced as their marketability is based, in part, on the price of a barrel of oil! This is ludicrous. In fact, we know that cheaper barrels of oil should translate into greater consumption at the pump & vehicle. Yet we owners/holders of MLPs suffer for no logical reason.
It has me thinking maybe we shouldn't bother looking at a resting heart rate/pulse or blood pressure reading---so long as our shirt buttons show movement due to breathing.
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