Glutton for punishment? Hopefully not. In this big 10% correction I added shares of dry-gas focused pipeline MLP Williams Partners (NYSE: WPZ). Williams Partners now yields 9.3%, and while many people now have concerns about energy-based income plays, I'm not too worried about Williams Partners. Dry gas has actually held up a lot better than oil, and dry gas activity continues to increase. Williams Partners' Transco pipeline is the best dry gas asset in the country.
So, long story short, I added more of Williams Partners. Growth expectations are high, but even if distributions don't grow at all, Williams is a stellar value right here and I think it's much less risky than most realize it to be.
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