Liam Denning, Columnist

Turning Pipeline Masters Into Puppets

MLPs need to regain control of their own destinies.

June 16, 2017 at 4:11 PM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

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If you invest in MLPs, look away now:

Master limited partnerships -- tax-advantaged entities that mostly own and operate energy infrastructure like pipelines (see this) -- have been having a tough time lately. After treading water for almost four months, the Alerian MLP Index has slumped by 10 percent since the end of April.