not sure this has much to do with the merger.... as ALL the mid streamers are getting killed all the and practically the same percentage. Mutual funds are liquidating... and will look pretty stupid later on. I have to wait til January to add shares.... DANG IT.... but I will at that time!! I expect things to level off after the first of the month.
The market did not like the Williams merger...thought the terms were bad....so I guess the whole MLP sector is being downgraded by this irrational market. I have held EPD since 2006 and don't recall anything like this. I recently bought more at $27 and $24.25. Also this is the end of the third quarter so mutual funds are doing their thing...and then there is the probable rate increase before year end. JMHO.
... to maintain confidence in EDP. The more I buy the lower the damn stock goes!!! What the hell is going on -- as the "Analysts" continue to tout "Strong Buy" ! Yeah, right, where is the bottom? How long can any organization tolerate yields of this magnitude? Are we all being scammed?
Looks a lot like 2008... my portfolio was holding up fine until Lehman went under, then my whole portfolio went down something like 25% in two weeks as all sorts of funds liquidated everything. Distribution season came and went, everyone raised their distributions as usual, and everything came back just fine.
There must be some forced liquidations,margin calls underway.Margin is great in a bull market,a killer in a bear.
Not many better opportunities long term IMO. For those who wish to initiate a position, buy now please.
With so many stocks at multi year lows, its amazing the DOW still is where it is. I have plenty of EPD already, but considering adding here. Patience required, but we'll be fine.
I have played this stock for along while, usually turning it over within days -- this sell off seems unreasonable to me, and I really am not finding any particular reasons for it. Today I grabbed 750 shares, a little too early, but still good -- does anyone here have info that would lead you to think it will continue down other than panic market fear?
I wonder if hedge fund managers are getting the symbols wrong for EPD and ETP. or are selling both because they look too damn similar. :)