Quote Originally Posted by GRG55 View Post
If you are buying pipeline MLPs you are buying an interest rate sensitive financial instrument which will behave somewhat similar to a bond through the interest rate cycle.

Do you mean that when interest rates eventually rise, share prices will go down more?

Over the last 4 years or so, EPD hasn't grown but has held steady. PSXP and SHLX were significantly discounted when i bought them. PSXP has done well but SHLX did a major share dilution and has fallen even more since then. It doesn't seem to have a bottom. SEP held steady but got bought out by Enbridge IIRC.