The Alerian MLP index. EPD does not drill for or generally own any significant NG. You need to read the profile and understand what a Master Limited Partnership is. MLPs are sometimes a bit volatile and are effected by distribution growth and interest rates. Also the whim of the market like all stocks.
If I were a short seller I would certainly not single out EPD. But if you insist on it be prepared to lose money. An added bonus is as you`re forced to cover your short you get to pay the dividend also. Good luck to you I have no problem with folks making money by shorting EPD i`m soley interested in the long term and am used to the ups and downs in the MLPs.
Can we move on or is ignore more appropriate. Discussion of EPD is what is supposed to happen here
A tank at an Amerigas distributor exploded. Certainly tragic for those injured, but no effect on any MLP, including Amerigas.
Almost every MLP and most energy related stock is down today. EPD for example was up $3 in 4 trading sessions so a down day is to be expected. Any issue specific thing like the train spill or an LPG terminal explosion not going to effect ALL MLPs.
Keith - Taking profits on EPD except for those who have owned it a very short time is not likely. Got to pay taxes on the recapture of depreciation at ordinary income tax rates.
Possibly a good idea before the market opened, but definitely not so good after it is down $1.25! Also if you hold through the month the short gets to pay the distribution! Shorting a MLP can be very painful.
EPD had a huge run at the end of the year. My guess is that this is profit taking. Anyone who books a profit now doesn't have to pay taxes till 2015.
from ameritrade: Hearing Reports of an Explosion at Houston Area LPG Terminal
there are no futher details,. I am trying to find more info.
ETrade does not pocket the 4%. They and some others buy units in the open market and simply do not participate in the DRIP program. Suggest you call and discuss with them and if they do not agree to participate then move your account. There are about 20 other brokers who do not participate. ETP has a similar DRIP.
No, BOZO, just you and all of the aliases you use such as bear_chain.
Sentiment: Strong Buy
Yes, I agree. I've been in almost 5 years and epd has more than tripled.