Currently, investors in the energy sector are coping with a strong sell-off in master limited partnerships (MLPs) that has outpaced the recent drop in crude oil prices. MLPs combine the tax benefits of a limited partnership with the liquidity of publicly traded securities.
Dealmaking in the oil and gas arena has slowed, and investors are starting to worry about whether MLPs will be able to maintain the regular pace of payouts in light of the recent declines in U.S. oil output. In a troubling development, the NYSE Alerian MLP Index, a widely tracked benchmark for the sector that is a real-time index to MLPs, has dropped about 25 percent during 2015, surpassing the approximate 11 percent downturn in domestic oil prices.
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