MLP share prices took a hit in October. At one point, they were down more than 15% from their highs. They’ve since recovered much of that decline. The JPMorgan Alerian MLP ETN is now trading about 6.5% below its high.
MLP Drop Creates Buying Opportunity
Source: Yahoo! Finance
Because MLPs are down from their highs, that creates a buying opportunity for income investors. I recommend focusing on MLPs that are in the pipeline business. Specifically, I like MLPs that don’t have their profits tied to the price of crude oil.
This article is brought to you courtesy of Ian Wyatt from Wyatt Investment Research.