I have a few of these partnerships that total about 7% of my assets. I'm 46 years old. I bought these as very long term holdings. However, since I purchased them, a lot has changed. EV is now moving much faster than I think many analysts realize or are reporting.
My largest MLP holding, BPL, is a petroleum storage and transport firm. I'm considering selling it to focus on natural gas infrastructure.
Am I selling too early? Do we have many decades (3 or 4) until petroleum sees a substantial demand reduction? Or will it come much faster - within the next 10-15 years?
I use the MLP's for income purposes. If the transition comes much faster, I'm concerned about a permanent capital impairment in addition to loss of income.
My largest MLP holding, BPL, is a petroleum storage and transport firm. I'm considering selling it to focus on natural gas infrastructure.
Am I selling too early? Do we have many decades (3 or 4) until petroleum sees a substantial demand reduction? Or will it come much faster - within the next 10-15 years?
I use the MLP's for income purposes. If the transition comes much faster, I'm concerned about a permanent capital impairment in addition to loss of income.