I have no facts to offer but being that you`re a long time shareholder i`m a bit surprised that you concern yourself with the day to day movements of EPD.Take a Deep Breath, Relax and before you know it EPD will be at $60.00.
There is nothing to be concerned about.. Yesterday was a quadruple witch. Confluence of all types of options, stock, index, index futures etc. Happens 4 times a year. Its all technical, the same way EPD dropped, look how KMP spiked. Absolutely nothing to be concerned about. Traders simply rolling option positions etc. Has that effect.
My guess the drop is due to more washington talk about taxing carried interest and how that may impact MLPs. The stock is also near it's 52-week high. I have held this position fpr about 6 years and will continue to do so.
Wow - that is really scary. Since changing carried interest to ordinary income would basically have NO EFFECT on MLPs your reasoning makes no logical sense.
Day to day movements mean little. A big movement at the end of the day means someone put in a large market order either buy or sell. You do have some larger movements on options day and 4 times a yerar some trading by institutions for window dressing but over the longer term all thsoe trade movements mean ZIP.
I allso can see no other reason after checking all sots of newsfeets through my marketbrowser.
At moments when the market pauses or tops? an investment in MLPs is a wise choise for the medium & long haul. EPD has been sweet to me.
trend is up. economy is shaky, this company isn't. i think mlp tax change status isn't worth dinging the american energy infrastructure story and that chatter will ultimately die down. flight to quality or aggressive bets on the infrastructure story, both roads lead here. also staying put.