THERE ARE WORSE THINGS IN LIFE

For sure with some of the beatings some of us have taken over these past many months nothing i believe beats Cheniere (LNG) and its MLP (CQP).

Cheniere is having all sorts of problems..has just laid off half its staff. The market for liquified nat gas hasn't exactly panned out according to plan. They finally opened there Sabine Pass terminal yesterday. The MLP has announced already that it will pay its distribution.
So if you believe the company survives you are getting a huge yield here. But the risk is that this will be the last distribution. Meanwhile last years most hated MLP which i believe goes to US Shipping (USS) looks like it is trying to bottom in here. They have done what they need to do to keep paying a distribution but again...there is is risk here.

So tread carefully among the walking dead in here.

The MLP index continues to move higher and is starting the day just under 292. This morning we have no headlines so far and no upgrades or downgrades but i suspect more distribution announces coming as the week moves along. Stock futures are flat to a little higher. Crude Oil just doesn't go down anymore is sitting just under 118. Nat gas is a little higher this morning.

One final note. One of these days Crude oil is going to go down. And if we ever get the sizeable correction crude deserves...like a $10 down day for example, we could get a violent reaction among energy stocks. And if that happens it could be one of those days where mlps get taken out and shot with everything else energy. But that day it appears is not today. But i just want us to keep this in the back of our minds over the next several weeks; even though we all know that crude oil just never ever goes down anymore.