As oil rises more money is going into the weaker MLP's with big dividends. If oil drops the reverse will take place. Either way overtime EPD's return on capital should outperform the others due to their low cost of capital.
One thing that I think is hurting EPD is Sovereign Wealth Funds dumping our stock. EPD would be a company they would invest in and now needing the money. Hope they lost their Assk. JMHO
If I were you and you like dividends,this is the stock to own in MLP'S. On the other hand if your under 40 I can see you leaving for something better.
30 for sure! I don't get it. Down .70 today. Dist raised and still a bad tape. In at 27+ so I'm holding. If we get back there i might dump. I think there are better fish in the sea. Even at 6%.
If the upcoming distribution is $0.395, then does that mean the following distribution will be $0.40? That would be almost the same as 40¢ per unit. I can't stand all this excitement and suspense.
Well, I wish you folks the best, I too own some of this stock. I'm looking to sell and buy some OXY. I use to really like the MLP's but NO longer. After selling most of my MLP's I bought a boat load of PGP. It pays a monthly dividend and being retired I haven't looked back.
Enterprise Partners is very undervalued at he current price of $25, How is it possible that ETP or Energy Transfer Partners trades at $33.20 with a dividend of 13% and no earnings? The mysteries of the stock market. Their stock has paid dividends since 1996. I would not buy their stock,but it certainly turns my head in disbelieve.
I know when EPD tumbles,it tumbles a lot less than th big movers,but some of the big movers today show not have done better than EPD. Their are about 20 MLPS that I follow and I only like 3 all together with EPD as my favorite. EPD is the only MLP I own and will own for a long time. I just don't understand why the moves are not larger to the up side. Why did these fools sell when it went up $1.05 today. Then it closed up 65c. ZERO PATIENCE is a killer plus the old scavenger routine.This stock has all the potential to be a $75 in the coming years,but stupid traders cause delays in the price going up.
Im buying more every few weeks;at these prices. I too feel this is cheap+will go over 30 easily in the coming months.
Sentiment: Strong Buy
Stock should have moved up already. Shorts have increased their position and volume is low. I have know idea where MLP's are going.
I feel EPD offers a great opportunity for people who want money for the long term.I think the price of 24.36 is way off where it belong at closer to $30. People should go in and buy the stock now with a dividend increase coming this month and 2 more coming this year. LOCK IT IN!
The best MLP, owners of MMP would probably disagree with you. EPD is one of the
best although it has not been moving like one of the best. It seems to me that as long as
it is trading in a range($22-25) traders will be in control. Until the volatility is out of the oil
market, and the threat of upstream bankruptcies are gone most midstreams will be traded
in lock step with oil. I also remember trading in the 70's. Hopefully we never have to go back
to those days.
EPD is the best MLP and should move like the best MLP. We she not just think of it as a stock that is secure dividend wise,but rather a stock that can add capital appreciation. It has a good beta,but I wish the scavengers would stay away and see EPD as a long term investment. I remember trading stocks in the 70's and stock holders held on to the stocks without getting ants in their pants.
Actually, EPD is 40% oil services. Per the 10-K, crude oil pipelines and services generated $ 10.3 billion in revenue in 2015, out of a total of $ 27.0 billion of revenue. In 2014, the oil-related revenue was a higher percentage of the total.
And what I'm about to add has absolutely nothing directly related to EPD, but it's interesting, and it shows that counterparty risk isn't the only thing to worry about with natural gas.
Tallgrass Development (related to TEP/TEGP) just agreed to buy an additional interest in the Rockies Express Pipeline (REX); Credit Suisse wrote up a large article about the deal and they pointed out that a lot of REX's legacy contracts were signed when natural gas prices were much higher and the price they get for transportation is $ 1.50 per mcf. Current recontractings are closer to 30-50 cents per mcf. REX is a very long pipeline and I have no idea how far they were transporting the natural gas. The point I took from the article was just reinforcement of the idea that lower oil & natural gas prices are working their way through the system and everyone in the food chain suffers. REX's hope is that it can increase the volume it carries by enough to offset the drop in price.
Again, just a general comment, not specific to EPD, but it affects everyone.
Anyway, EPD's ability to refinance at incredible good rates and for incredibly long periods of time is a really good sign.