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Enterprise Products Partners L.P. Message Board

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  • businessguru75 businessguru75 Nov 12, 2012 11:52 AM Flag

    something is up

    Wait until January when the light goes on for folks that this is not taxed at the dividend rate as far as the distribution is concerned. Money is going to come flooding in as rates are not going anywhere and 5% is 5% especially with the increase in rate. Already overweight, but I'm a buyer at 50.

    Well I bought at 50 and lower it went....oh well, I'm sure it's tax concerns for a big holder. Considering gains are taxed as ordinary income, if those rates are much higher for high net worth individuals makes sense to book some gains...I guess.

    Interesting because report today that the U.S. will be producing more oil than Saudi Arabia by 2020, do you think that pipelines might benefit from that? Short term pain for long term gain IMO.

    Sentiment: Buy

27.63+0.21(+0.77%)Sep 30 4:01 PMEDT