JP Energy Partners LP (JPEP)

[jugs]

Today's been a busy day. Foremost in this trader's mind is that both SDLP and JPEP are slated to go ex-distribution on May 4 which is Wednesday of the coming week.

Proportionately speaking, SDLP has seen more aggressive accumulation and resultant rise in valuation of the two picks.

I'm expecting SDLP top take a breather while JPEP could pick up the slack. Either stock may be a surprise and we shouldn't discount that possibility.

That said, these two positions are now:

JPEP: 2,600 units.
SDLP: 4,400 units

The financing of JPEP came as a result of swapping units of SDLP, requiring no infusion of capital from either funds (dry powder) or margin. The caveat lies in the fact that JPEP pays more per unit in distribution. That was not motivating me, however. This was about reallocating a bit so as to reduce risk exposure in SDLP where I'd built significant gains.

Anything could happen as we still have two hours of trading left but I'm ready to call it a day, at least for now.

If anybody out there has been trading in or out of either of these two stocks, I'd like to hear of your exploits.