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Enterprise Products Partners L.P. Message Board

  • no1matemary no1matemary Mar 19, 2013 5:44 PM Flag

    When do you think this stock action will turn.

    Accumulating every day in PAA and EPD. Also have some GEL and ETP.

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    • Next distribution is April 29th so I imagine this stock is turning April 1st. Any thoughts?

      • 1 Reply to no1matemary
      • Turn what direction? Since EPD has already told everyone what its next three distributions will be and has moved up to about 10% above where it was last year; why should it really move much at all. PAA, SXL, and OKS are down recently on profit taking as they got a bit overvalued (in the 4% distribution area) after a sharp run up.

        There is little reason for things to move up (interest rate concerns and continued low NG/NGL pricing w/ethane rejection) or down (fixed fee contracts and hedges in place along with a huge building program). Really no news. When the BOD gets to their August or September meeting and vote on an annual extra distribution, we could then have a bit of upward movement.

        Could get a bit of buying into the distribution and selling afterward but as a holder, i do not care about the daily movements very much. Neither do most of EPD holders.

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