This has reached a valuation and yield that is no longer attractive when compared to other MLPs or Common Stocks. This is trading at the same level it was when Crude Oil was over $140/bbl so the commodity it produces is yielding half the revenue when new unhedged production is brought into the mix(any associated gas is trading at a quarter of the value).
Therefore, I believe this is way ahead of the underlying fundementals. ENP(and others) is a well run MLP yielding over 13%, is well hedged and is much more attractively value. I love PSE but can no longer hold it when other alternatives look better valued.