I don't have a crystal ball -- but I really don't think that OPEC want's Brent below $55-60 or WTI below $50. As I understand it at WTI at 60-70 is around break even or minimally profitable. The heavy oil sands in Canada also are unprofitable when Brent is below 60. The Saudi's don't want Brent at 30-35 -- they can accomplish their objective (shutting down US production) by keeping oil at 50-60. Any thoughts ?
EPD has been able to maintain DCF in as commodity prices fall. This from COO in the Q1 2015 conference call.
"For example, in the first quarter 2015, primarily as a result of lower commodity prices, our revenues were down 41%, to $7.5 billion, but our costs and expenses were down by 44%". ( DCF was up 4% from prior quarter or q1 2014. )
Good luck -- you have more courage than I 17 of 18 analysts rate EPD strong buy and 1 a rates EPD a hold.
Guess I'm holding here..
Anything related to oil, natural gas getting clobbered.. Should have bought Google last week..
This is a great company -- essentially a monopoly play.. just way out of favor...