Well good call on your part. I have owned my shares since 2006 and plan to keep on keeping on.
Crude is down again if oil gets near 30 dollars a barrel it will cause major delinquencys in the oil sector, MLP's won't be spared at least the weaker ones.
EPD IPO was in 1998 17 years ago. What was it called before the IPO? Just curious.
Thanks! But my point is... since Zack's charges for their service I believe that it is imperative that the investing public be advised of this financial reporting travesty. Just doing my part be it ever so small.
typical hate America rant from a bitter liberal. Why don't you and Michael Moore move to Cuba? Do you wear pantsuits like Hillary?
I have owned EPd for over 20 years.This company has grown huge over the years. Whenever the price dips, I add on more. The dividend is secure and has always increased with each quarter. This is one of my biggest holdings Buy, Buy Buy.
It's morons like you who enabled the Koch brothers, Sheldon Adelson, and their kind to buy the federal and state governments in this country and destroy the quality of life we once had.
I wonder if that has anything to do with the Saudi's selling oil in the US at a $4+ discount to Brent
and that Gulf refineries can refine Saudi oil for less cost than domestic lighter oils
This is a disturbing development
I would hope that there is some outrage that the current administration is allowing the Saudi's to undercut a benchmark price... that's not free trade... its a trade war that is going to kill a significant proportion of US production for quite some time... this practice is directed at US producers and they are selling oil below WTI prices.... which drive WTI down further.... and many US producers cant get WTI prices under the best of circumstances...
But WTeF.... people are saving $20 per fill up.... that savings isn't being spent elsewhere in the US economy (Dec drop in retail sales) so we are really just seeing an outflow of dollars to the Mid east again
I heard some analyst today talking about energy jobs vs retail jobs and how retail outnumbered energy by about 13:1.... that the loss of energy jobs really didn't matter
Failed to mention that avg salaries in Energy are 5-6Xs better than retail.... I guess he figures all those $100+K roughnecks can feed their families by folding clothes in the local Kohl's... $22K full time if they will give you the hours.... but they wont because of Obamacare
But POTUS is gonna ask anyone with 2 nickels to rub together to pay for community college to educate a new generation of community organizers
You need to do some research into what Zacks is. Nobody takes their ratings seriously, it is just a random computer algorithm that gives out rankings based on various factors (including technical). Same with The Street rankings. Just ignore the both of them.
Well that's an extremely short sighted view.... Canadian tar sand oil is refined cheaper and easier than the lighter more volatile fracked oils...... Gulf refineries are set up to refine heavier oils like tar sands oil..
Refined products can be exported under current law so Gulf refineries will do well and have thousands of high paying jobs that would be further secured with a flow of cheap oil that can be refined into exportable product
I think I may have finally found out how to get Yahoo to correct the split error from August 22, 2014. Hopefully, if I've reached the right person, it will be taken care of very soon. The charts and historical prices may someday be correct.
The number of jobs being predicted is grossly exaggerated and very short term. Most of the pipeline has already been built, so that part won't create any new jobs. The permanent jobs will total a few dozen at most. The environmental damage if there's ever a leak would be catastrophic, and leaks can and do happen more often than publicly reported. It's not Canada that would benefit; it's the Koch brothers. Canada can build their own pipeline to the Pacific and export to the Far East instead of endangering the vast U.S. mid-continent aquifer. In fact, that's exactly what they have stated they might do. Most of all, Keystone would be direct competition for the new EPD and ENB pipeline that just came online.
Zack's has a Strong Sell rating on EPD but lists Seadrill (SDLP) at a Strong Buy. Seadrill is a new offshore drilling MLP that is many more times sensitive to the price of oil than EPD. Besides that...SDLP has little track record and caries a debt to equity ratio of 176:1 while EPD's is 123:1. Zack's is more heavily leveraged based on this metric. I' m sorry but that is just poor reporting by Zack's. I am a long time holder of EPD so I'm bias. Thoughts...anyone?
US will get many,many jobs - although temporary. What is wrong with that? Canada, our strongest friend and biggest trading partner in North America will benefit significantly for a long time. What is wrong with that?
EPD recently cancelled its proposed Bakken pipe because of lack of producer committments, so ya
and EPD's Seaway twin running at only 50% capacity, "may not run at full capacity for the time being on low oil prices" COO Teague said. So I'd also watch for changes in volumes etc on EXISTING pipelines