bought this; I was speculating as crude fell. But; having some time today and seeing it back off I did look a bit more closely. I must be lucky! It actually looks good! One of the things I really liked is it's dividend history; they keep going up!
Even when oil and NG were going down they were increasing the dividend. Intelligent hedging or Ponzi scheme? A little reading convinces me it must be good hedging; too many analysts like them.
I'm sure most folks here already know all this; I am the new kid in town! I know, they recently raised money by selling shares. But I expect they will continue raising the divvy in spite of so called "dilution". People alot smarter than me say they used the money wisely.
For what it's worth, the other MLP's I own are DPM (Conoco Phillips and Spectra Energy are the GP's), EEP and LINE. All very, very solid companies. As I mentioned, I did a week of intensive DD before I selected these companies. I also would like to own WPZ and NGLS, but don't yet.
I have cop and it hasn't done very well for me. I bought too high, then bought when it dropped, but it dropped a lot more after that buy. :/ I am new to investing, but am learning as I make mistakes. I think of selling cop and putting that money in to something else, or else just holding it and buy cop back lower if it drops. It was 45+ when I first got in.
Welcome to EVEP board. I too, am a new "kid" on this board. I just stumbled on to this one and liked the div so bought some shares. I noticed also they are in Houston, so I liked that since I am 30 miles from there. So far, I am very pleased with this investment, bought at 17.50 and would like to add someday if it dips enough for me. I am using my IRA funds to invest now that I got ride of the financial advisor I had that was charging me and also lost fifty percent of the IRA when the market sank. Good luck to all. This seems like a small, but very classy board.
If you can get a chance to meet the management you should do so. They are an impressive crew and will further bolster your confidence. The management of Line is also very strong but I sence that the evep lot is even better. That said it will take some time to see. Both are strong.
Dareacre, this board is atypical of Yahoo boards, isn't it. It's really great when there is actual discussion, not name calling.
I'm like you, fired the advisor and fund managers, doing it myself. Of necessity, not out of hubris.
EVEP does look interesting, will likely pick some shares this week.
I didn't do hardly any DD. I just signed up for "oddsonline.com" a couple days ago and there was a button on the web site that said "High Profit Stocks". I pushed it and got a long list but EVEP was at the top. I clicked on it and it took me to Yahoo Financial were I found the P/E is less than 2 and they earned $14.82 a share last year. Even though I know that won't be repeated I bought 200 shares today but will buy more Monday. The 16% dividends will, more than likely, continue (or was there a one time large dividend?). Pretty obvious I didn't do my DD. It has been trending up since November and looks like it has much farther to run.