EPD currently has 1.6 times distribution coverage. Most MLP's prefer about 1.1. To bring this in line EPD could immediately raise it's dividend to $4.08 annual distribution rate. Considering it's growth rate is similar to PAA which has a 4,9% yield one could argue that fair value for EPD should be 4.08/.049 or $83 dollars per share. Once EPD starts to move it will likely run to this price before year end.