The drift on the DJA reporting on the EPD 4Q results was first that sales were down and profit was stable. My take was that in spite of adverse conditions, MGT. held earnings stable. I doubt if the analyst has ever been in Texas. The key words were from Mr. Teague about the large expansion of the LPG terminal and the ethane terminal and PDH unit coming on stream in 2016. I look for good earnings increases in 2016 and am awed at how management has set this up as mostly "light ends" projects. Note how little the upsides have to do with crude oil..the subject the press has been focusing on. EPD management is much smarter than the press; no comparison.. The stock took a nice jump after the earnings were announced. I agree with the comment above ..how can they (analysts) be so wrong and still get paid. Next time you watch MSNBC, ask yourself "how general are these persons comments? Do the commentators really understnd the businesses they are talking about? Don Rumsfeld said "The devil is in the details."
Peter Marron Lake Barrington Shores, IL
I've reported the slowness to yahoo, as many other people have to no response. i find when i use google chrome yahoo finance worked a lot faster.with explorer it was impossible to use. hope that helps.
I think we may start to see some separation now that it looks like the rate hikes are off the table for 2016. We should start to see some income hungry investors start to come back in.
Most people who buy MLPs don't really understand what they're buying. The tax laws are complicated and simple at the same time. Therefore, the disagreement over whether to own them in IRAs as opposed to personal accounts. I have repeatedly and strongly advised on this board that people have a serious conversation with their tax professionals before buying any MLPs.
There is no limit unless the custodian of your IRA imposes such,Fidelity is my broker and have no such limit. I have traded MLP in a IRA for many years with no issues. For a long term hold of a large sum of money a taxable account would be better allowing a income tax deferral until you sell. There is consider disagreement about the desirability of MLP in a IRA. The main reason for the disagreement is the IRS has not issued specific guidance on the matter. Two ways to avoid any possible future issues are trading Call Options or buying A MLP Closed End Fund of which there are many to choose. I hold EPD and MMP in a IRA and will add a CEF when the trend is in place. EPD is a major component of all midstream CEF.
EPD is NOT buying back any units! They clearly stated that the GP agreed to reinvest $100M into new units. The GP would also decide in early February about an additional $100M being re -invested just like they did for the last 10+ years. FYI it is the Duncan Family Trust doing the reinvesting of their distributions
That would be over four million units if math is correct. Issue a secondary of four million units at $34 would be would be worth 40 million dollars savings. Not bad!
Sentiment: Strong Buy
Keep in mind that this is an investment that should NEVER be sold by the original buyer. In order to get the tax benefit, investors should wait until AFTER they die to sell. Selling before you die negates the benefit. On the other hand, heirs should sell immediately after the death of the decedent. Talk to your tax professional for more information.
misssed early part of conference call. did they stae they were buying bakc stock and if so and idea re: amount?
If it drops? It has dropped and you should stop thinking about it and just seize the opportunity here!