Great rate, much better than 30yrs issued 8/'11 at 5.70%. Next yr. 1.2B to refi then that nasty 500M 9.75% due in Jan '14. BBB+ by then? Less $$ for bondholders, more for us. Thanks also to Chairman Ben.
EPD has been very good stewards in terms of balancing debt and equity.
EPD's mgmt team has shown how shrewd they are about pursuing billions in organic growth opportunities rather than chasing after acquisition opportunities at bloated ebitda multiples. I am sure Wall Street is peeved that many MLPs are choosing the path of organic growth initiatives rather than paying up for pipeline systems purchased by hedge fund speculators whose only plan was to turn a quick buck.
EPD has to be a core position in everyone's portfolio. Over the long term, I expect EPD to outperform PAA and KMP whose shares only catapulted after announcing multi-billion dollar acquisitions. Personally, I think all the upgrades after the acquisitions were given to KMP as a reward for playing the street's game.... buy buy buy existing assets at premiums rather than reward your investors with long term organic growth.
just when I think your comments cannot become more inane and uneducated you go and top yourself again... I'm sure you're going to respond with how rude I am and do whatever you want, but I am putting you on ignore. Sad day, didn't think that was going to happen on this message board, oh well.