Any more word regarding the JV between Enterprise & Tejas?? It is supposed to involve the liquids and pipeline businesses. What about the propylene fractionation facilities?
This is an excellent site
trade stocks through a discount brokerage or anyone who
is looking to maximize
their potential for a
winning portfolio should look into this. FOR A FREE
TRIAL, Check out
key is the owner, the best mind in liquids
business... remember it is a business, so care about
employees is subordinate to making profit... generally fair
and loyal... concern is aging of upper management,
and grooming of replacements...
watch and see! Their management is very good at
turning things around. It would be nice if they would do
a little better on the
benifits though. How
about some stock options. That would be nice. Their
working on the benifits. Actually, its a pretty good
outfit to work for..... Profit sharing would work too.
not bad. 10% match would be better.
hope you are right about caring about their
employees, but with no retirement plan, i tend to doubt it.
on the other hand, you sure hit the nail on the head
when you said shell was more worried about meeting &
eating out. personally, i think that upper management
with shell were also spending way too much of their
time trying to figure out how to pad their pockets at
the expense of the employees. they were also worried
about the queen taking over their "company", which i
wish she would do & kick all of the upper management
out to the street. what i have seen & heard so far
about enterprise seems to be good - to paraphrase the
big shots "i am excited!!" about the move to
enterprise. if for no other reason, to be out from under the
incompatent leadership of shell. i agree with you that the
stock should soar in the next 1/2 - 1 year, just as
soon as they start running the gas plants as they
should be ran, if they do & i think they will.
EPD stock will soar in the next year with the
purchase of the Louisiana GAS Plant Assets. There is Tub
of money to be made if these plants were well
managed. Shell Got away from taking care of their
facilities the last several years and were more concerned
about meetings and eating out. I feel Enterprise will
come in and be very profitable soon due to the upturn
in NGL prices. This is their game and I am looking
foward to working for someone who cares about their
employees and facilities.
EPD 1998 annual report is available at;
Once any company is selected, click on the
state of that company. All companies within
the same industry or
state will appear. Additional
annual report selections may be
made at that time.
First of all, EPD has for many years maintained
assets in the Louisiana/Mississippi/Alabama areas. EPD's
alliance with Tejas/Shell positions EPD to profit from the
large off shore natural gas discoveries in the Gulf of
Mexico which are beginning to come on shore and reguires
processing. EPD's business is the processing, storage, and
transportation of NGL (Natural gas liquids) and EPD is a low
cost provider of these services. My opinion is that
Shell, knowing that EPD could do the job cheaper, turned
over the Tejas buz in La. to EPD as an out sourcing
type agreement. Shell saves money and EPD makes money.
I have no problem with this as a unit holder of
Why would a company invest so heavily in another
state when their main place of operations is in
another? They nearly doubled their assets when they
engineered a stock swap with Tejas based in Louisiana. Does
this mean that we should look for a take over by
This is an MLP and therefore the payouts are
based upon distributable cash flow which is
significantly different from
"earnings". Distributable cash
flow coverage for 1999 should be about 1.4 times the
payout for the senior units.