I was looking at the latest EPD presentation with BAC today. If you look at the slide on cost of funds... EPD had reduced their overall cost of funds to 5.4% What was even more interesting was the fact that 48% of their debt is 30 years plus and another 30% was 10 years plus. So almost 80% of their debt is over 10 years... and over 1/2 of that is more than 30. Kudos to the finance team over there.
If I hear Cramer say how ALL MLP's will be hurt by short term rates because of higher cost of funds.. I'm going to slap him! Not all MLP's are created alike. Strong EPD!
EPD has been through higher rates and flourished. Many companies were pre Bernanke and pre Obama drama. Not giving up my EPD KMP BWP and I recently picked up some MCEP. It was one of the only stocks (MLP) up in my portfolio.