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Enterprise Products Partners L.P. Message Board

mizzou1966 35 posts  |  Last Activity: Aug 27, 2015 8:23 PM Member since: Sep 4, 2005
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  • Reply to

    Why has this stock dropped so much?

    by fernsprice Aug 6, 2015 5:12 PM
    mizzou1966 mizzou1966 Aug 27, 2015 8:23 PM Flag

    Made a little bit on SXL twice earlier in the year. Last sale was in the 37s. Bought back in for 1400 units today. With a 5,25% yield (based on my purchase price), I am looking at holding these shares longer term.

    Sentiment: Buy

  • mizzou1966 mizzou1966 Aug 25, 2015 12:06 PM Flag

    I agree. Just picked up 40 MRO Jan 17 15 calls. Recall, the 12-month high was north of 40. Looking for a stock price back to the mid-20 area sometime next year. If that happens, gain is in the 250% range. Even if it only moves a smidgen, the Jan 18-19 call options should be very attractive. I've played this game before; the time to buy COP and MRO LEAPS is when the stock price crashes. Even a 40% recovery, the 12-15 month recovery can be outstanding...with LEAPS.

    Sentiment: Strong Buy

  • Reply to

    XOM PLUMMETS TO NEW 52-WEEK LOW TODAY - $76.33

    by jeremyjc76 Aug 11, 2015 2:00 PM
    mizzou1966 mizzou1966 Aug 11, 2015 2:55 PM Flag

    X-dividend .73 today. Price should recover within a week, or so.

    Sentiment: Buy

  • Reply to

    PSXP beats on eps

    by reading_tee_leaves Jul 31, 2015 8:50 AM
    mizzou1966 mizzou1966 Jul 31, 2015 9:23 AM Flag

    Looks like PSXP beat by .03 or .06 depending upon which estimate is used. Either way, PSXP's EPS of .50 per unit was very solid for that partnership and should be positive for a beat by SHLX when it reports on Aug 12. Disclosure: SHLX, TRGP, PSXP, and TEGP are my largest positions.

    Sentiment: Strong Buy

  • mizzou1966 by mizzou1966 Jul 31, 2015 9:02 AM Flag

    PSXP EPS comes in at .50 per unit...beating estimate of .44. Revenues also beat by $1 million. Considering some PSX refineries were slowed during the period, Q2 posted excellent results. The future remains bright for PSXP. Any pullbacks should be used as buying opportunities for the long term investor. Disclosure: Long PSXP.

    Sentiment: Buy

  • Listened to the CC. TEP eps came in at .55, beating the estimate of .48. The CC was great expect for the fact that the CEO refused to up the 20% distribution growth for the full year (when we are already +19.6% for the first 6 months). He should have at least said that he expect some (or moderate...or smaller) increase for the rest of the year. He did give a hint, but it was pretty weak and fell back on the long term prediction of 20% annually through 2017. Based on July volumes, new storage, etc., I'm looking at moderate increases in Q3-4 (maybe in the 5-7%+ area). I consider both TEP and TEGP to be STRONG BUYS. Disclosure: I have a token position in TEP and a significant position in TEGP.

    Sentiment: Strong Buy

  • mizzou1966 by mizzou1966 Jul 29, 2015 10:48 AM Flag

    Today is ex-dividend day; PAGP was down early morning. Was able to pick up 500 shares at 24.19 for at 3.75% yield. For several years, I've held a core position of 3500 shares and traded in and out of additional shares. This purchase will up the core position to 4000. IMO, anything below 25 looks like a great long term STRONG BUY.

    Sentiment: Strong Buy

  • mizzou1966 by mizzou1966 Jul 21, 2015 5:48 PM Flag

    Nice increase from .83 to .875 payable on Aug 17. The yield is now in the 3.5% range and the dividend is a 23%+ increase over the 2Q14 dividend. The stock price has been terrible for a year, but if Targa Resources keeps turning out 5%+ quarterly dividend increases, the price will follow...sooner or later. TRGP continues to be one of my top four holdings.

    Sentiment: Buy

  • Reply to

    Why Up Today?

    by bill270000000 Jul 21, 2015 10:53 AM
    mizzou1966 mizzou1966 Jul 21, 2015 4:16 PM Flag

    Oversold or getting close to the Q2 dividend announcement; you can take your choice. TRGP should be trading in the 110-125 range. I'm looking for a nice bump after a healthy dividend increase.

    Sentiment: Buy

  • mizzou1966 by mizzou1966 Jul 15, 2015 10:29 PM Flag

    TEP increased to Q2 distribution to .5(+11.5%) from the Q1 level of .52. This was about 2% above their projection. The TEGP distribution of .073 was a little light vs my projection of .075. It will be interesting to see the two coverage ratios next month. IMO, TEGP will see a big jump in the distribution over the next 2-4 quarters and will far exceed the IPO prospectus projection of .624 for the 12-month period beginning July 1, 2015. I have a STRONG BUY on both TEG and TEGP.

    Sentiment: Strong Buy

  • Reply to

    Today's

    by racehorse9 Jul 14, 2015 1:02 PM
    mizzou1966 mizzou1966 Jul 15, 2015 8:41 AM Flag

    Please explain your comment.

    Sentiment: Buy

  • Reply to

    what a mess this stock is

    by winplaceshow999 Jul 9, 2015 9:08 AM
    mizzou1966 mizzou1966 Jul 15, 2015 8:31 AM Flag

    A little advice: MLPs (and their GPs if any) are not like regular companies or stocks. There is not much news except for distribution/dividend announcements (due any day), earnings an conference calls due in early August, special news events, and investor presentations. As few as two of these events happen every quarter (the first two). Otherwise, the news can be pretty sparse. We should not be in TEP/TEGP for excitement, but rather for growth (both income and capital appreciation) and look at quiet periods when the price drifts lower as a time to add to positions. I did that lately with TEGP and now have over 8000 shares. I rate both TEP and TEGP as BUYS and look for 30%+ growth in TEGP over the next year.

    Sentiment: Buy

  • Reply to

    Anybody else buying?

    by reading_tee_leaves Jul 8, 2015 8:36 AM
    mizzou1966 mizzou1966 Jul 13, 2015 9:26 PM Flag

    Yep, you made a smart buy. I've loaded up and SHLX is now one of my top four holdings at over 20% of my portfolio. I really like the combination of TRGP, SHLX, PSXP, TEGP, and PAGP. Two are MLPs and three are GPs of MLPs. Also, in and out of ETE, MMP, and SXL during the year, but usually don't hold over the distribution record dates. SHLX and PSXP are long term holdings. Currently, I consider both SHLX and PSXP BUYS, especially prior to the distribution announcements....probably not later than next Thursday.

    Sentiment: Buy

  • Announcements due Monday or Tuesday (probably in the morning). For TEGP, we are looking at just over half a quarter. Anything over .075 would be positive. Target price for Q3 dividend is .16. Much north of that figure would be very positive. IMO, TEGP is a STRONG BUY and I was still adding shares near the close yesterday. I like TEP, too, but with TEGP being one of my big four (along with TRGP, SHLX, and PSXP) no real reason to add the MLP...so for now...I'll just buy the general partner.

    Sentiment: Strong Buy

  • Reply to

    what a mess this stock is

    by winplaceshow999 Jul 9, 2015 9:08 AM
    mizzou1966 mizzou1966 Jul 10, 2015 8:43 AM Flag

    Distribution and dividend (for TEGP) announcements are due Monday or Tuesday. If the news on TEP distribution is positive, we may see a nice pop back to the 50 area. For TEGP, they only have just over half a quarter, so anything over .075 would be welcome. I call TEP a STRONG BUY at these levels (although my investment in Tallgrass is through TEGP...which is one of my larger holdings). Key for TEGP will be the Q3 dividend announcement in October. GL

    Sentiment: Strong Buy

  • Reply to

    Dividend by the end of this and next year

    by sumtube Jul 1, 2015 5:52 PM
    mizzou1966 mizzou1966 Jul 1, 2015 8:49 PM Flag

    Where did you get $2.40 by the end of next year? The company projection is for $2.00 this year and a a 10% increase ($2.20?) for 2016.

    Sentiment: Sell

  • Reply to

    History of the leading MLPs:

    by mizzou1966 Jun 28, 2015 5:48 PM
    mizzou1966 mizzou1966 Jul 1, 2015 10:18 AM Flag

    Why the thumbs down? What I posted is simply to point out some facts about SHLX and two somewhat similar partnerships. I am not a short term trader but a longer term investor...who just happened to work for Shell Chemical Company many years ago. Oh, congratulations go to SHLX for closing on their second of three planned 2015 acquisitions. We might look for the last one to close on or about October 1...which is a weekday. The first two all had effective dates at the beginning of a quarter. I consider SHLX (and both PSXP and SXL) as a BUY.

    Sentiment: Buy

  • Reply to

    History of the leading MLPs:

    by mizzou1966 Jun 28, 2015 5:48 PM
    mizzou1966 mizzou1966 Jul 1, 2015 12:37 AM Flag

    With Q2in the books, it is worth taking a look at the performance of the two relatively new midstream MLPs (SHLX and PSXP) and the long standing SXL. PSXP was +2.5% in Q1 and +1.9% in Q2. SHLX was -4.8% in Q1, +17.0% in Q2, and +11.4% in the first half. On the other hand, SXL was -1.0% in Q1 and -8.0% in Q2. This is strange action for SXL considering the last ten quarters have seen 5% plus distribution increases and the current 1-year consensus is over 50 (+30%). I am not pushing SXL, but using its 13 year track record to indicate the potential for SHLX and PSXP.

    Sentiment: Buy

  • The CAGR of some of the leading midstream MLPs is stunning. Looked at SXL yesterday and the 12-year CAGR through 12/14 is 23.5% and the 5-year CAGR is even higher at 28.0%. IMO, SHLX and PSXP are long term buy and holds. Bought a small SXL position and may add to it, but SHLX, PSXP, TEGP, PAGP, and TRGP are my main holdings and they appear to be a terrific basket for 20-35% CAGR for the next five years and beyond. PAGP should kick off the dividend/distribution calendar in about ten days. If the announcements are positive, we may get a pop in the sector going into earnings and conference calls (PSXP is at the end of July and the remainder should be in early to mid August).

    Sentiment: Buy

  • mizzou1966 mizzou1966 Jun 25, 2015 5:27 PM Flag

    I have to agree; management is gambling. If they get a higher offer or can hit the dividend estimates, things will be fine. If they can't, then WMB will not be one of the big MLF/GP winners. WMB could be a buy, but with the last three days....it is hard to buy more or initiate a position. ETE could come back with an offer in the 68-70 range. Let's hope so.

    Sentiment: Hold

EPD
28.62+0.16(+0.56%)Aug 28 4:02 PMEDT