Short interest up 3 months in a row. This should give the stock a good bounce eventually
EPD gets 1/2 billion windfall stock down 16 c go figure !!
Here's Some Good News
Enterprise Products Partners This company is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers. Once again, despite the energy slump, Enterprise Products Partners L.P. (EPD) recently raised the distribution 1%. Enterprise Products maintains a very good long-term position in the market. It provides many of its services on the basis of long-term, fixed-fee contracts, insulating against some of the wilder swings of the commodities that it trades in. One of the reasons many analysts may have a liking for the stock might be its distribution coverage ratio. The company’s distribution coverage ratio is well above 1x, making it relatively less risky in the MLP sector. The company’s distributions have grown for several quarters, and last quarter Enterprise Products announced that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.42 per common unit, or $1.68 per unit on an annualized basis.
Enterprise investors are paid a very solid 6.16% distribution. The Deutsche Bank price target for the company is $33, and the Wall Street consensus price target is set at $32.74. Shares closed Friday at $27.28.
T Boone Pickens keeps buying this stock. positive sign.
Certainly hope EPD management is listening to KMI conference call. Great job KMI.
Shouldnt EPD have had to accrued for that $535 million?
Doesnt the win on the appeal mean the reversal of that accrual..... sometimes you step in siht.....
Far better when the siht is $535 million deep
Thats allota cash that can be used for any # of things.....
I vote for bumping the distribution growth up to .625 cents ( for the mentally handicaped thats $0.00625 or an extra 1/8 of a cent.... Costs EPD $2.75 mil Q.... The $535 mil funds about 200 Qs)
Today marks the highest price($47.11) in oil in the last 6 weeks. EPD chipped in with a 9c gain. They should be ashamed of themselves.
KMI up $1.40 on good news. EPD up 12c,lol.
Wise, think Yellen shot you down on rates increasing any significant amount. Excuses are running out to keep this stock down. Will be over 36 bucks by Q1, 2018.
Hope you are enjoying the big gains since Dec 30,2016 when we closed at 27.04. Look where we are now. The DONKEY LIVES.How about those big gains since Aug 2014 when it split to $39 a share. Slay the DONKEY! Investor relations needs an enema.
what is good with this stock?
Is Yahoo stocks streaming for anyone or am I the only one for which it seems broken ?
LONDON (Reuters) - Oil prices fell 3 percent on Friday after data showed U.S. production rose last week just as OPEC exports hit a 2017 high, casting doubt over efforts by producers to curb oversupply. After reading articles like this one you would think record amounts of crude and n gas is moving through the lines. Profits should be through the roof .
Good earnings, revenue and distribution means nothing. Fundamentals has nothing to do with unit price.
The chairman and founder of Baldwin Management singled out $EPD as a company he finds interesting due to their new plants coming online in the next few years. http://bit.ly/2ustHy5
Stripping Away the Noise and Focusing on Fundamentals - The Wall Street Transcript
TWST: Could you tell me a little bit about the firm? Mr. Havens: Baldwin Management is a multifamily office. We provide investment management services, accounting, tax services and insurance services to our clients. TWST: When you say multifamily off
Great WSJ article on how shale oil has resulted in massive petrochemical investments for making plastics from oil / NGL byproducts. Essentially, what EPD is focused on with its PDH and isobutane dehydrogenation plants. Go EPD!
For all the whining we hear about EPD..... it is above its 200 day avg.... and basicly at (slightly above) its 50 day average when the sector has struggled with both averages until the past week
Where is my buddy Dark Shadows.... lets talk about your hype stock NBLX... that is now off 20% of its highs.... great company to compare EPD to...
Anyhow.... they are buying an interest from their parent.... and the parent knows that the stock is so overvalued that they would not take shares for the transaction....
NBLX is so overvalued they could noy get underwriting for a secondary.... thay had to do a private placement....
And you said EPD is manipulated.... the only reason your pet stock was in the $50s was because it was manipulated there so that they could pull off a private placement....
Shadows.... you will most probably win my stooge of the year award for 2017
Crude production up from 8.5mm bbl/day to 9.4. Record crude being moved through pipelines. Hope EPD is not discounting the price to move it.
Almost time to buy. Getting extremely oversold. Investment bankers loading up for the distribution.