AMLP versus EPD

[livingalmostlarge]

Anyone one own one or the other? Thoughts?

 

[triangle]

I believe EPD issues a K-1, so if you were only buying a small position it might not be worth the bother of tracking the form when it comes tax season. AMLP did a reverse split some years ago and never recovered its original price, but a lot of companies in the industry had depressed earnings or losses.

I do think one should own some energy, but I don't have a strong opinion about these either way. I have owned some MLPs in the past but not at this time. I think the number of MLPs have dropped as some have restructured into C-corps after changes in tax laws some years ago. I have not followed that development closely or what impact it may have had on ETFs like AMLP.

 

[aja8888]

EPD is the best of the lot (of MLPs) and odds are it won't become a C corp anytime soon since the founding family of Enterprise Products (daughter of Dan Duncan is surviving) own a huge amount of units. I owned several thousand units for 15 years and sold it off a couple of years ago. I now have a position in ET which has done quite well in the last 3 years.

Either is good, and will issue a K-1 which is easily handled with any one of the tax prep software packages out there. Buy it in a taxable account.