Originally Posted by Dawg52
Thanks. Sounds like a pain in the a$$. I will probably pass.
If you do decide to continue looking at this, get out the 10K and see what marginal % they are paying to the general partner. I think it is 50%. There are good pipeline MLPs with less onerous GP terms. Earlier in the year many of these GPs- not KMP's, but others-came public and shot up in price because they were such a good deal.
I own one-Nustar-NSH. I has appreciated markedly, but it has been weak over the last few months along with most of these MLP related entities. The CEO is still buying this security, and he has a large position built up. I believe that the undetrlyhing businesses are different- in the case of NuStar it is product transport rather than NG.