checking in with a cpl of questions
Man, I don't recall ever seeing this board so busy since we got involved with MLP's about 7 1/2 yrs ago. It's been challenging to read most of them since we've been pre-occupied mainly with scheduled medical appointments mostly re. follow ups on my back surgery almost 6 wks ago. My hope is the X-rays show good progress with the fusion is doing well. In the meantime, we've even met with my pain dr. just to discuss an option just in case the pain continues after the fusion takes place, a medication implant (usually uses morphine). A friend of mine here has one implanted & is pain free. Amazing!
So, on the the MLP's & the bloodbath going on. We continue to feel good about both EPD & MMP in their ability to at least sustain the distributions going forward.
Not such a warm, fuzzy feeling now with either ETP & MPLX (formerly MWE). What I want to do is avoid any distribution cut-backs or ensuing further meltdowns. We got that done with all the E&P's & moved on.
I know a good number of you are familiar with ETP & MPLX. A quick peek looks like ETP would have a minimal tax bite now that the price has declined so much. MPLX is our smallest & that would be a tax hit as our cost basis is zero. Has anyone done any serious research/DD with the 2 I've mentioned in this paragraph. While I'd hate to lose those tax deferred distributions, I'd be unhappier if I stuck my head in the sand while a cut takes place & the prices drop down far more than where they are presently.
Thanks. Best, Ron