I read today that Duncan Energy Partners (DEP: chart, web, Y!) is increasing its quarterly cash distribution by 1.8 percent to 42.75 cents per common unit.  Not bad considering they just raised the distribution last October to $0.42 per common share.

Duncan Energy Partners has been beaten down with the rest of the energy sector lately, and I’ll probably start buying more shares again, although I’m at odds whether to buy in my Roth account or my free trading account.

There are some serious tax advantages to buying an MLP in a regular trading account that you don’t get to capitalize on in a retirement account.

On the other hand, I’m so overweight in oil right now that it really isn’t funny.  I’ve got more Provident Energy than I should, but I’m underwater in those shares too…

Oh the opportunity!

Investing DEP, Duncan Energy Partners, MLP, Partnership