It was very very oversold at $22.10. I dont think it will hold above 26 bucks, It is still in a downtrend. The distribution is good. I am a long term investor in EPD. Oil will head back up someday.
There was a very negative report on MLPS in Barrons. Maybe this is wht KMI and other MLPS including EPD were hit so hard. The article said that MLPS would not be able to sustain their distributions ie payouts. Did anyone on this board read the entire Article?
I have been watching this stock since last week. It went up for awhile and now it is going down. I was going to buy some shares but I decided to wait and it is a good thing that I did. Their last earnings report was ok but not sellar. I wonder if it will test the 49 level? Someone give me a technical analysis on this stock.
Oh my where is the bottom. I took some profits on celgene, amgen,and KKR before the market tanked. I am looking to get back in again. Its very hard to find the right stocks. EPD is going to head lower. I wont feed into the shorts. You have to be crazy to sell now. People dont panic!
NGG pulled the dividend paid on Aug 5th from my account. We will have to watch to see if the conversion to Dollars was wrong-we may get less or more who knows.