Upstream MLP Yields Plummet; Stocks Soar

The Upstream MLP Sector (BBEP, LGCY, LINE, EVEP) has soared in the past week. I wrote up this sector on December 20th, and since then the yields on these partnerships have fallen significantly.

Hedged Upstream Oil/Gas MLP: Safe, High Yield Plays

LINE's yield has fallen from 20.60% to 15.7%
BBEP's yield has fallen from 36% to 23.5%
LGCY's yield has fallen from 25% to 18.9%
EVEP's yield has fallen from 24% to 15.6%

These yields are all still in the upper teens and still very attractive compared to other investments given the hedged nature of these MLP's. With oil in contango, these firms should be able to lock in profitable prices for the years 2013 and out.