JP Energy Partners LP (JPEP)

[jugs]

A fellow researcher whom I won't identify brought the insufficiency of the distribution coverage to my attention. His concern had to do with distribution reliability and had nothing to do with valuation although obviously one will usually become a victim of the other.

Ordinarily I won't close out a position upon piecing pertinent things together and not liking the result. In this case, however, I'd done fairly well at the beginning of the year when I closed my (then) JPEP position. This time I did OK---came out with a $1,500 gain or slightly better. Still, it's not at par with results the rest of my holdings reflect. So I'm not especially pleased with my JPEP results and believe it's time for me to keep a watchful eye on things but move the seed capital and profits elsewhere.