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Enterprise Products Partners L.P. Message Board

  • carm19-75 carm19-75 Jan 11, 2012 11:42 AM Flag

    price action could be this simple

    I don't get too caught up when the price moves on direction a couple bucks here or there. It's quite typical for this to show some weakness after a fairly strong run, consolidate and ultimately move higher. Now there will be a day when that doesn't occur, personally I don't think it has arrive yet or will anytime soon. This is a slow steady rise.

    As for the recent price action, it's no secret that epd makes money when natural gas and oil travels through it's pipelines, the greater demand, the greater the profits/revenue. It's also no secret that the northeast and much of the country is "enjoying" an unusually mild winter. Can't one conclude the volume/demand through the pipeline will therefore will be weaker than usual. Therefore a price correction seems justifiable (and it's not like it's falling off a cliff). So folks can speculate about tax regulation, local gas or whatever, frakking regulations, and those could all be factors, who can really be sure, but there are some actual facts right in front of us. Those of us who have held this for more than a year or two know that over the long term, this is a fantastic investment which long term still looks good. This should not be used as a trading vehicle, though some do.

    P.S. I would expect a move back higher after options expiration and prior to the ex date, then of course another move lower after as usual.

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    • Carm - the price action in MLPs recently is indeed simple - 4 major articles on pass thrus and sort of suggesting that their tax status is unfair. Sort of the same stuff, different day. With uncertainty things go down. Would be ince if things stayed down until mid Feb when I have more $$.

      ARB

      • 4 Replies to arbtrdr
      • The maps have been through numerous tax scares, and they never come true. The real target for change are financial mops, but people don't read the details and think all mops are natural gas, oil or energy mops, which is not the target tax group. Yea, there are articles, but natural energy mlps are important for the us to develop it's independence on natural gas and now we can export liquified natural gas. They won't kill this employment success story in an election year.

        I buy the consolidation argument since normally a genuine tax scare results in big sell off. I have never seen epd not gain a 1 per unit from here going into ex div. plus the dividend will be announced today, which often gives it the final kick.

      • The maps have been through numerous tax scares, and they never come true. The real target for change are financial mops, but people don't read the details and think all mops are natural gas, oil or energy mops, which is not the target tax group. Yea, there are articles, but natural energy mlps are important for the us to develop it's independence on natural gas and now we can export liquified natural gas. They won't kill this employment success story in an election year.

        I buy the consolidation argument since normally a genuine tax scare results in big sell off. I have never seen epd not gain a 1 per unit from here going into ex div. plus the dividend will be announced today, which often gives it the final kick.

      • The maps have been through numerous tax scares, and they never come true. The real target for change are financial mops, but people don't read the details and think all mops are natural gas, oil or energy mops, which is not the target tax group. Yea, there are articles, but natural energy mlps are important for the us to develop it's independence on natural gas and now we can export liquified natural gas. They won't kill this employment success story in an election year.

        I buy the consolidation argument since normally a genuine tax scare results in big sell off. I have never seen epd not gain a 1 per unit from here going into ex div. plus the dividend will be announced today, which often gives it the final kick.

      • Free Speech/Press are wonderful things. Wouldn't want to live anywhere without them None of us would I bet . But I have to be willing to accept a few consequences.

        e.g. At about the same time I'm told all my pipeline MLPs will suffer drastic cuts in revenues and what they are able to eke out to me in distributions will soon be fully and immediately taxed with the certain result that my share prices will be cut in half.

        Good thing I don't unthinkingly accept all the free vibes that come my way.

        Also glad I have a Diageo position so I can afford a big Tanqueray martini when the vibes stop.

        pilar

 
EPD
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