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Not so long ago, master limited partnerships (MLPs) were the darlings of energy investors.
It's easy to see why: They paid high dividends, employed reliable, transparent business models, and they even enjoyed some unique tax advantages.
They were simply one of the very best energy investments you could make.
Then the oil and natural gas bear started. This once red-hot class of shares froze over like a Siberian winter - quickly and brutally.