February always feels like winter will never end. This is the point in the energy cycle when it feels like supply and demand will never balance. Spring, and a recovery, will eventually come.
Two data points don’t make a trend. If you look around at other transactions, the use of the MLP structure is alive, well, and thriving.
2014 did not end on a high note. Crude kept falling, investors harvested tax losses, and E&P MLPs lost their shirts. Despite this, the sky is not falling, Chicken Little.