Despite me owning ETE/ETP for several years, I have to agree the CEO is a liar and a sleeze. So far the dist at 8+% is enough to keep me from selling, but my patience and tax consequences are wearing thin. Goodness the S&P is at 52 week highs and ETP is testing 52 week lows.
The CEO is not the liar. He stated what he believed. If you watch an entertainment TV show get entertained and then do your own DD. If you bought 2 years ago you have received $7.20 in distributions. Add that to the current $42.55 price and you have $49.75. So you made a little bit. You do not have a loss.
I have ridden EPD for about 17 years. Have gone down as much as 60% in one year and up about the same. It also has not moved more than a $1 or two for two years.
Suggest you stop complaining because you bought a company at the wrong time. You could have also bought GM at over $30 and lost $10 or maybe some Facebook would be a better company for you. Suggest you move on.
This stock is just digesting this years big deals. When they sell off the non acretive assets and pay down debt this will take off. In the mean time I get paid to wait while hoping they don't have to trim the dividend.