Energy MLPs and Royalty Trusts Analysts Love

When Pioneer Resources (NYSE:PXD) spun off it's lucrative pipeline business, creating the Master Limited Partnership [MLP] Pioneer Southwest Energy Partners (NYSE:PSE), I was one of the lucky investors who was able to participate in the offering.

Of course I didn't get all the shares I had indicated for so we bought the rest in the secondary market (the IPO was priced at $19 and we were able to buy the rest around $19.25). We were told the initial pay out yield would be around 9% or higher, and having been a former shareholder of PXD we were favorably predisposed to this company's reputation.

Now at least five and perhaps 6 brokerage firms started PSE with their highest rating citing its attractive valuation, high quality assets, lack of debt, and its affiliation with sponsor Pioneer Natural Resources. Since then the shares have shot up over 6%, recently reaching a n