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Enterprise Products Partners L.P. Message Board

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  • Reply to

    Effect of Price of Crude

    by jane_dunnie Nov 27, 2014 1:43 PM

    Great question! I expect more of an effect on unit (stock) price than on overall business activities. It's all about emotions. Longer term, history has taught us that abnormal price swings in essential commodities are eventually corrected by market forces (and greed.) We've seen it in both directions (up and down), and the result has always been the same. Give this a year or two, and we'll be complaining about high oil and gas prices. The need for fossil energy is not going away anytime soon. Therefore, the need to be able to move the commodity will remain. Those who are predicting $30 crude are being irrationally emotional. I predict we'll see $130 crude before we see $30 crude. It's like constipation; this too shall pass.

  • Reply to

    Effect of Price of Crude

    by jane_dunnie Nov 27, 2014 1:43 PM
    artist_formerly_known_as_pooch artist_formerly_known_as_pooch Nov 27, 2014 2:40 PM Flag

    Effect on activities....not much. Less $ for NGLs. possibly more volumes on increased demand for oil. Effect on "stock price". A ton. Anything liquid (trading volume) will be sold to meet margin calls.

    When oil hurts, all energy equities suffer

  • Reply to

    Effect of Price of Crude

    by jane_dunnie Nov 27, 2014 1:43 PM

    Only 17% of their business involves crude oil. Most of their business is fee based. The price may take a hit if their is a general sell off in MLP's, but the underlining business should not be materially affected

    Sentiment: Buy

  • I'm curious ... Given the continuing drop in the price of crude, does this have much, or any, effect on EPD activities, and thus stock price?

    Sentiment: Buy

  • Reply to

    Senate Keystone Vote

    by jh.funk Nov 18, 2014 12:36 PM

    I don't see Keystone as having any impact one way or the other on EPD. Keystone will carry only Canadian Tar Sands oil south to the gulf coast. The only beneficiaries will be the Koch brothers who are the big money behind the Canadian Tar Sands oil. It is NOT U.S. oil that will go through the Keystone pipes. If you want to believe the Koch brothers' propaganda, that's your choice.

  • Reply to

    NY Times Articles

    by skinz4q Nov 24, 2014 3:43 PM

    It looks as if the articles, found here: http://www.nytimes.com/interactive/2014/11/23/us/north-dakota-oil-boom-downside.html?module=Search&mabReward=relbias%3As%2C{%221%22%3A%22RI%3A7%22}&_r=0 are still having a negative impact on EPD, MMP and the whole group. MMP got hit worse than more others, but the information contained in them is not to be ignored. The whole industry and the politicians that enable them are corrupt to the core. That said, there's still a lot of money to be made being on their side. Just understand the risks.

  • Reply to

    Anyone do the drip? (dividend reinvestment program)

    by lauriontj Nov 19, 2014 10:25 PM

    If you're seriously thinking of this as a 50-year investment, you would be well advised to lean toward diversification rather than having all your eggs in one basket. The present oil boom will probably have run its course before 50 years, and pipelines could be totally obsolete or unnecessary. Your best 50-year investment might be something like VTI or VOO instead. That will give you maximum diversification with a high likelihood of beating about 95% of professional money managers after fees and other expenses are taken out. As much as I like EPD, I don't think of it as a 50-year investment. Maybe 10 or 20 years, but I'll be dead by then anyway. If you read the New York Times article about the oil industry here: http://www.nytimes.com/interactive/2014/11/23/us/north-dakota-oil-boom-downside.html?module=Search&mabReward=relbias%3As%2C{%221%22%3A%22RI%3A7%22}&_r=0 you'll probably understand a little more about the risks of having all your eggs in the fossil energy basket. Be sure to read both Part 1 and Part 2.

  • Reply to

    NY Times Articles

    by skinz4q Nov 24, 2014 3:43 PM

    I read that, thanks for feedback.

  • Reply to

    Anyone do the drip? (dividend reinvestment program)

    by lauriontj Nov 19, 2014 10:25 PM

    I highly recommend the EPD DRIP, but make sure your broker participates so you can get the 5% discount. If not, you'll have to move your units over to Wells Fargo Shareowner Services or to a broker that participates.
    I doubt that there is any way to project out 50 years. First, there's no way of knowing whether the quarterly distribution will change - it probably will. Second, there's no guarantee that the 5% discount will continue indefinitely. The company has the right to terminate or reduce the discount at their discretion at any time.
    2000 units have increased by over 62 units in just 3 quarters, to 2062.225 units currently. There are no fees or commissions.

  • It looks as if the two looooonnnngg NY Times articles of yesterday and today might be responsible for the sell-off, particularly in MMP. MMP dropped like a rock from over 90 to 84 today, and I don't see any other news to account for it. Anyone interested, look at Downside of the Boom, parts 1 & 2. There's no specific mention of any of the pipeline companies, but the thin trading in MMP is killing the unit price.

  • Reply to

    Senate Keystone Vote

    by jh.funk Nov 18, 2014 12:36 PM

    sayu: It is called Capitalism =- you agree on a price that satisfies both parties. The Production company gets a little less profit.

  • Reply to

    Senate Keystone Vote

    by jh.funk Nov 18, 2014 12:36 PM

    There are a couple of small refineries in North Dakota. It would be a fairly short haul to bring the natural gasoline from here, rather than from the gulf coast.

  • Reply to

    Senate Keystone Vote

    by jh.funk Nov 18, 2014 12:36 PM

    Canadian crude by rail is not meaningfully more expensive than pipe due to the requirement for diluent for the oil to flow in a pipe. Said diluent will be natural gasoline from the US Gulf Coast.

  • Reply to

    Senate Keystone Vote

    by jh.funk Nov 18, 2014 12:36 PM

    Quite possible no Keystone is net benefit to EPD. The biggest Canadian pipeline to the US is Enbrige's Mainline system. That connects to EPD/Enbridge Seaway pipeline which can carry 800M bbls/day to the GC ENB's Flannagan South pipe is the connector to Seaway. It should be online very soon and the cash and oil will flow. Without competition from Keystone, demand for Enbridge/Seaway capacity will be even higher from Canadian producers who want to get oil to the Gulf coast.

  • Reply to

    Anyone do the drip? (dividend reinvestment program)

    by lauriontj Nov 19, 2014 10:25 PM

    The EPD drip program is described on the EPD website at this link http://phx.corporate-ir.net/phoenix.zhtml?c=80547&p=irol-drip. There is a prospectus that describes the program. From the prospectus - "The price for authorized but unissued common units purchased with reinvested distributions will be the average of the high and low trading prices of the common units on the New York Stock Exchange—Composite Transactions for the five trading days immediately preceding the investment date, less a discount ranging from 0% to 5%."

    Currently the discount is 5% but can be changed (see the 0-5%). I use TD Ameritrade and had to call to enroll my shares. I received the latest payout on 11/7/14. I am not sure whether the 5 trading day period was 10/30-11/6 of 2014. I would have to dig deeper into how the five trading days are set.

  • Reply to

    Anyone do the drip? (dividend reinvestment program)

    by lauriontj Nov 19, 2014 10:25 PM

    Here's a bonus question:
    How would one calculate the future projection of a position using a drip program over 50 years.

    Example:
    Current holding of 100 shares of Epd
    Holding stock for 50 years
    Stock remains at current price for 50 years
    Dividend increases $0.05 every quarter
    All dividends are reinvested using the DRIP

    What formula would you use to project this?

  • I have a few questions. I understand that I will purchase fraction shares based on the dividend payout. Do these "purchases" happen commission free? Also, who determines the repurchase of shares at a %5 discount? how does that work? Is it Epd that announces this quarterly? This seems like a no brainer for someone that is holding the stock long term. Am I missing anything? Any help is appreciated. I use fidelity if it matters.

  • Reply to

    ?????

    by al.huly Nov 14, 2014 2:14 PM

    I noticed MMP has been flying high once again while EPD and PAA were left languishing. Perhaps the coin has turned if at least temporarily.

  • Reply to

    Senate Keystone Vote

    by jh.funk Nov 18, 2014 12:36 PM

    uncle, all three of your suggestions would be very expensive over a pipeline

EPD
35.55+0.10(+0.28%)Dec 26 4:02 PMEST

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