This is one big reason I like investing in these so much. Everytime my one impulse tells me to try and time this for gain, my logical side says: "you fool, what are you thinking? Take a quick 3 or 4 percent trade opportunity and pay 30% in ordinary tax recovery for all those great tax deferred distributions." This fact has me in a six figure paper gain on EPD and a good five figure paper gain on this, while collecting a nice 6% tax deferred income on each of these. These are monster buy and hold investments.
Any stock that can pay me to own it is fine with me. I hold mine in a tax deffered account and get a very nice pay check per year if I need it. $60,000 a year on distributions from EPD PAA LINE KMP OKS. The industry is only going to grow so why would anyone sell? I don't get it! If it goes to $77.00, I will be a buyer!