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Enterprise Products Partners L.P. Message Board

  • lewsmall lewsmall Oct 23, 2011 1:58 PM Flag

    November 2010 price Question

    Being new to EPD
    I noticed that in November 2010 the chart show a stock price of 63.
    Then a sudden drop of some 20 points in one day. I can't find out what the reason is.
    Does anyone know
    Please advise

    Thanks

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    • [1] Lisa is right - the pricing data that you used is not correct. You should have provided the source of the data that you used - ideally you should have provided a link to the data.

      What follows is 'general information':

      [2] Even if MLPs are somewhat less volatile than the market, you should track [or chart] specific MLPs in comparison the Allerian index [^AMZ] to see if - when a stock becomes volatile - that volatility is company specific. When a move is company specific, then you have justification for believing that there is an 'it' to find. [Alternatives to tracking compared to the AMZ would be any 'standard' MLP ENT or the lone ETF - and by 'standard', I mean that one should not track a MLP in comparison to the long or short ETNs.]

      [3] Most stocks have links to their prior press releases. EPD does this. The link to the 2010 releases is http://phx.corporate-ir.net/preview/phoenix.zhtml?c=80547&p=irol-newsarch&nyo=1

      And one can see that EPD announced a secondary offering on 11-30-10. In the short term, the market reacts unfavorably to any secondary offering announcement.

      [4] The market does not understand MLPs. And while a case can be made that 'the market' does not understand any specific stock - the level of misunderstanding of MLPs of higher for MLPs. So the market is more sensitive to upgrades and downgrades of MLPs done by the MAJOR stock analysts. Yahoo does a poor job of tracking this info [it misses some rating changes - and it does not tell you if the changes were based on 'valuation' judgments, or changes in fundamentals] - but at least it makes an attempt. And that data can be found at http://finance.yahoo.com/q/ao?s=EPD+Analyst+Opinion

      • 1 Reply to factoids2002
      • [4] The market does not understand MLPs. And while a case can be made that 'the market' does not understand any specific stock - the level of misunderstanding of MLPs of higher for MLPs. So the market is more sensitive to upgrades and downgrades of MLPs done by the MAJOR stock analysts. Yahoo does a poor job of tracking this info [it misses some rating changes - and it does not tell you if the changes were based on 'valuation' judgments, or changes in fundamentals] - but at least it makes an attempt. And that data can be found at http://finance.yahoo.com/q/ao?s=EPD+Anal... Rating :
        (1 Rating)Rate it:



        Wow that was an extremely informative post, I hope it answered his question.

    • Your chart is wrong.

 
EPD
28.47+0.01(+0.04%)Jul 29 4:02 PMEDT