JP Energy Partners LP (JPEP)

[jugs]

Today proved to be somewhat eventful as I started my first position in JPEP. Now sitting on a gain of $171 which is more than acceptable as I got involved for reasons having nothing to do with short term capital appreciation or even the distribution capture. My goal was largely to put a little cash to work in a company with which I'm not especially familiar. Longer range--- I'm always on the prowl, anxious to discover a handful of picks flying beneath the radar but proving to hold merit sufficient to build earlier small positions into more commanding ones.

It is far too early for me to make any prognostications but I'm happy that this pick didn't fall into Hell. lol Not yet, that is.

As for expectations? This should be simple enough to call---I figure units will continue to climb until late Tuesday afternoon inasmuch as JPEP goes ex-distribution on Wednesday morning, 2/3/16. It is paying $0.325/unit. It works out to a 27% yield based upon today's close of $4.89.

Reading more on the subject of corporate focus, I'm liking not only that pipelines are a major part of the company's activity, but the pipeline locations are really excellent. I also like that there's a substantial fleet of trucks managed by the company. And there's more, too. Stay with me, folks, it'll happen soon enough.