Yes -- the problem is that the market is moving in lock step with oil price.
So the short sellers are having a field day !
Hard to make those types of short-term calls. If some of the weaker MLPs go under maybe EPD can grab some high-value assets at fire sale prices!!
This company isn't going anywhere. The MLP business model is not dead -- it's just most MLP's didn't implement it correctly.
EPD's model is sustainable organic and acquisition-based growth, sound financial stewardship and high distribution coverage.
That is completely false ! Almost 90% of EPD's revenue comes from long-term fixed rate contracts.. 3rd quarter 2015 DCF and EBITDA were within a few percentage points of same measure for 3rd quarter of 2014 when oil was close to $100 barrel.
The biggest problem is that EPD is categorized as an energy company because it transports, stores and markets petroleum and NG and NGL products. But it provides and generates its revenue from logistics operations not E&P.