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Enterprise Products Partners L.P. Message Board

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  • ch4_tycoon ch4_tycoon Nov 30, 2009 9:28 AM Flag

    Diversification

    for those of you that own or follow or are considering buying NRGP and NRGY (GP), they just issued a sweet earnings report.

    http://finance.yahoo.com/news/Inergy-Reports-Record-Results-bw-1987426376.html?x=0&.v=1

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    • I don't know if I posted this here or on another board, but what struck me about NRGP (the GP of NRGY), was not only that they raised their distribution at a much greater rate than the underlying company, but that there is a presentation on their website that says their recent acquisitions will result in a continued increase at a much higher rate. Made me start thinking of switching the lp for the GP, but the GP is running away.

      On a separate note, most of these MLPs pay distributions in mid Fed (with a Jan end ex date) so there's no rush to buy them now, especially if we get a downdraft in the market. On the otherhand, the demand for yield is unabating, with several articles out on where to go now for yield (i.e. utilities).

      One other question, I bought the ETP/ETE complex a month or so ago when their capital raise helped knock a few points off the stocks. Zacks has had a few negative comments on ETP and I've been reading good news about EPD. I'll be comparing the DCF numbers, but anyone have any recommendation for switching? I could own both and may decide to do that -- there's just too many MLPs to consider.

 
EPD
29.74+0.65(+2.23%)Jul 2 4:02 PMEDT