SUN
SUNOCO L.P.
stock NYSE

I own SUN as my established and KNTK as my under the radar play.

I currently hold ET and EPD in a taxable account and am looking to add a third MLP. I’m comfortable with K-1s and am not looking for ETFs, strictly the actual MLPs themselves.
For context - these are long-term (40 year) buy and holds that I will be regularly contributing to.
Options include MPLX, WES, or PAA. Other choices on my radar would be CQP or SUN.
Would appreciate a steer in the right direction on which offers the best long-term complimentary fit alongside ET and EPD, whether that be growth or stability oriented. Would also welcome if there is an obvious "go with this one and don't overthink it" choice.
Thanks in advance.

I own SUN as my established and KNTK as my under the radar play.

I currently hold ET and EPD in a taxable account and am looking to add a third MLP. I’m comfortable with K-1s and am not looking for ETFs, strictly the actual MLPs themselves.
For context - these are long-term (40 year) buy and holds that I will be regularly contributing to.
Options include MPLX, WES, or PAA. Other choices on my radar would be CQP or SUN.
Would appreciate a steer in the right direction on which offers the best long-term complimentary fit alongside ET and EPD, whether that be growth or stability oriented. Would also welcome if there is an obvious "go with this one and don't overthink it" choice.
Thanks in advance.

To avoid K-1 hassles or UBTI in retirement accounts I like the ETF: AMLP.
It is not a covered call fund, just holds 14 MLPs in the gas and oil infrastructure sector. Largest holdings are SUN, ET, WES, MLPX, PAA, EPD, and HESM. Pays dividends quarterly, 7.4% yield.