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Enterprise Products Partners L.P. Message Board

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  • harehau harehau Feb 2, 2013 2:41 PM Flag

    credit suisse downgrade to neutral

    The downgrade was silly, they actually raised the target a couple of dollars. The replaced it on the Focus list with ACMP, which I own also. EPD grows 8% and yields 5%, ACMP grows 15% and yield 5%. I bought ACMP before I decided to only buy the GPs, but it should do well with Chesapeake's sale. And I do get the GP benefit with my Williams shares. Both ACMP and EPD do well but EPD has a coverage ratio of 140% currently, probably stay that way for a while. Hard to find another large cap MLP, if any that have the opps and balance sheet at the moment, and the vertical integration of the value stream. Maybe the best managed of any, although Kinder has done a great job. The only MLP I ever sold was part of my KMP a decade ago, a mistake, but I bought EPD with the proceeds. That's the last time I hope I ever sell an MLP. The music will end at some point but still feels like a couple of years out. The oil opps are still there along with the wet gas plays. The brokers are good for their projections of cash flow, but paying attention to their upgrades/downgrades is usually a mistake. EPD will be $80+ in a couple of years.

28.67Jul 28 4:02 PMEDT