sometime, no often on these boards... i read something that makes me say wtf???? this was one. great info/thoughts on price an future of epd liza, i'm usually reading you and jack over on line fighting over general partners exc... anyway i'm w/ you on the short term epd pps thoughts 100%, hard to hurt yourself to bad if you scale in to this over time, would love to see a market pullback to the 1260ish area and epd pull back to the 46.50 area to pick up a few more shares, then if those areas break maybe another buy around 44.75 area.
thanks for the post liza
All the MLPs are at an interesting time. You have great profitability for the midstreamers like EPD with high NGL prices, increasing distributions, and the Fed promising low interest rates until at least 2014. On the flip side you have historically high prices, lots of MLP publicity creating buyers that often go away when they find the get a K-1, and the prospect of higher interest rates down the road for alternative investments.
Glad I am not a trader in EPD as daily movements have and will be unpredicatable.
"eletric is here to stay and gas going away"
What do you think they make electricity from? Oh yes, gas.
Apart from which EPD is not a natural gas play, so you posted your dumb comment on the wrong board.
actually epd is a nat gas play in so much as a part of their business is the transportation of nat gas.
However lower nat gas prices will likely mean greater usage and larger transport volumes eventually. Hence more business for epd eventually
Hey Liza, I admire your knowledge concerning MLPs & I have been watching EPD pretty closely & am considering buying in, can I ask your opinion as whether this would be a good time or wait for a possible pull back?