Thank you it must of been your shares that I bought @ $22.00. I"ll take this crapola off your hands every time you get crazier than what is happening in the market. Thanks again.
The drop was a combination of forced fund liquidation and panic selling for anything associated with oil. That EPD is about 85-90% fixed fee and almost totally NG has no apparent meaning. Now we are going to hear the revenues are down by 50%. Does it matter that revenues when you transport gas for a fee mean nothing. EPD technically buys the gas, transports it and then sells it back tacking on a transport fee. The buying and selling of gas net each other out. No profit or loss, but $$ amount is 50% lower this year. transport fee is the same.
Stupid people not looking at the real picture.
Market will retest break through the lows
Todays action in biotech mirrors last Tuesdays action in MLPs... Last Tuesday MLPs were down about 7% and then closed down about 4%..... the exact reflection in biotech today
Big players (hedge funds) are getting out of the broader market... they are just doing so in a very orderly fashion..... its just a matter of time till we see a really big selloff
IF we were to se a 7% intraday drop in the S&P that's a chilling 140 pts... 7% in the Dow is close to 1200 pts
Sectors are not seeing these corrections by accident
You are going to have the opportunity to buy this at or below last weeks prices
Sad you didn't see the long term value in this company. Referring to EPD as "this crapola" clearly indicates that you are not an informed investor, but someone who takes advise and reacts without doing your own due diligence.
I'd like to feel bad for you, but until you change how you invest, you're doomed to do this again and again. It's still not too late to buy this premier company and over time receive superior investment results. But again, do your due diligence and you'll discover this for yourself.
The constant and periodic theft of assets by manipulators with the gloom and doom news. Smart money buying this beaten down asset while dumb money sells low. I just hold and ride through it.
Part 1 of my prophecy has come true. EPD just raised the dividend a 1/2 cent! I urge you to remain calm!!! I know that extra cash is tough to take. However, will get thru this.
It was very very oversold at $22.10. I dont think it will hold above 26 bucks, It is still in a downtrend. The distribution is good. I am a long term investor in EPD. Oil will head back up someday.