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Enterprise Products Partners L.P. (EPD)

NYSE - NYSE Delayed Price. Currency in USD
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22.27-0.11 (-0.49%)
At close: 4:00PM EST
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  • M
    Mary
    Travel and cruise stocks clobbered. At home stocks like Zoom and Peleton rise. So if someone is home all day in the winter, that means thermostats are not being lowered during the day, and that means more electric and gas and oil heat, and that means more stuff going through the pipes.
  • J
    J
    sold next week 21 put option just now when it was 21.77 for 11cents. got this month utility bill paid for. and if i actually get the stock next week for 21 a share, it is even better as i will be getting 8.57% divy. I have 45k units now avg at 21 and have been using divy to reinvest into growth tech giant. I sold some of my rental property this year to swap into epd. This is a long term financial security with minimum trouble. It gives me stability and extra cash to invest in other stocks periodically and regularly. I love EPD!
    Bullish
  • b
    big mike
    the world could end tomorrow and epd would not cut distribution. happy thanksgiving!
  • M
    Mark
    SPOT's probably over. Given the 1 million barrel per day drop in lower 48 production, dearth of upstream investment that eliminates future increases in production, the increase in domestic demand, and Corpus's export success, I'm guessing EPD's board won't be able to justify SPOT. The volumes just won't be there.

    Since their target is 3.5X, but their current leverage is 3.2X, they've got billions to spend, and as far as I can see, nothing to spend it on, unless they decide to further integrate in the petrochemicals business. Building their own petrochemicals plants might endanger their feedstock sales, but where else can they go for growth?
  • V
    Venturabay
    Scott, price does matter...epd was over $40 in 2014...like all mlp's at the time...it was time to sell your mlp's...now after maybe 7 long years where the spy is up god's how high, and almost all mlp's have tanked..it is time to buy....so in increments I continue to buy...why wait until $21.50, it might not get there...another order execution at $21.62...new gtc at $21.41 for now
  • S
    Scott
    Why do people keep talking about the price? Who cares the price? You will get a 8+% yield with likely increasing CPI+ distribution. The lower the price the higher the yield. Assuming the price remains at 22 for the next 20 years 8% CAGR is higher than you'll likely get from the S&P.
  • D
    Deepsea
    LOL! CNBC just reported California gasoline is now $4.71/gallon on average. Well done CA! Environmental nuts requiring special expensive blends combined with democrat rule that has now placed the highest tax on gas in the nation at 80 cents a gallon. Wait until they are all driving EV's. If they thought the rolling brown outs due to their lack of generating capacity and unreliable renewables was causing problems they ain't seen nothin' yet. And if they think $4.71 a gallon for gas is expensive, wait 'til they see what they'll be paying per KWH of electricity (on top of the special road use tax they'll pay because gas tax revenue will not be sufficient to maintain the infrastructure). All under the guise of the Big Green Lie... Hydrocarbon producers can care less about EV's. EV's don't present a threat. 99% of them will be plugged in and charged at night when solar and wind isn't producing so fossil fuels will feed the plants to generate the power to charge them. All they've done is shifted the CO2 emissions from the car to the power plant. Typical California flakes.
  • J
    Jeff
    In for more at $21.76. If distribution increases to $1.85, it'll yield 8.5%. I don't care too much if SP drops lower as I am only interested in yield with this company. As long as it can pay, I will be happy.
  • M
    Mac
    There was a large block of stock for sale at the opening, I tried buying some for a trust account I manage for my mother ( I already own EPD). Fidelity would not let me buy it unless she changed the Investment Objective for her account to "Most Aggressive". UFB, Most Aggressive! EPD aint Bitcoin.
  • R
    Ryan
    Long term holder here. Grabbed up more shares yesterday myself. Largest holding in my dividend retirement portfolio. Averaging well over 8% on a company that is conservative like I am is great. Especially with a 20+ year history of increases. IMO making over 8% consistently in retirement makes sense. I am glad to be out of the high volatility stocks. Been buying this stock dollar cost average for nearly 3 years now. No regrets here!!!
  • J
    J
    all i am asking myself is: any fundamentals of the business or big environment factor change? Guess not. Then price down is a good thing for me as i can buy more at cheaper price.
    Bullish
  • n
    nd
    The relentless selling of epd is worrisome. Financials are good, valuation is good, the oil market is robust and the distributions look safe. For now.
    The only explanation I have is a coming tax hit by the dems against MLPs, and fossil fuel MLPs in particular.
    Take care.
  • S
    Scott
    I am projected a $0.09 raise in dividend come this January. I wish they would buy back their own shares as it seems like a great use funds. They are looking a HUGE IRR with 8% instant return the first year + as they raise their distribution they will save on future increases. They say they won't since it will raise their unit price and cause capital gains for unit holders, which is something many of their holders try to limit. I would still like them to take constant nibbles to reduce unit count. Doesn't have to be a 1-time huge purchase.
  • g
    gainer
    FYI.... director John R Rutherford bought for 228,600 dollars worth of stock yesterday .
    Bullish
  • V
    Venturabay
    Time to begin my 2022 plan to sell KMI and buy more EPD. I believe that the buy I made at the close at $22.92 will not generate a K-1 for 2021. I have limited my roth ira amount to avoid any future issues. Next year KMI will no longer be over 5% of my portfolio. Will likely have equal amounts of both next EPD, KMI...next year. Just need a least 2 tax years to mitigate the tax burden from sale of KMI. These are the only mlp's that I would own. MLP's with too much debt, are problems, you can't borrow from the banks to pay unitholders. Cause that is where the money is coming from...in the end. Too much debt...stay away...Even KMI over-paid for assets in the past...like Ruby Pipeline...you don't think many large mlp's also over paid.
    That is why I prefer EPD to KMI and I would not risk my money on ET.
  • K
    Kenneth
    Going thru "allocation of capital" slides that posted today on website. pretty clear buybacks are mostly off the table. That is reason stock is down as analysts been making it very clear on the last couple conference calls that is what's needed. They state it increases tax burden to remaining unit holders as units are retired- can someone explain that to me? To me buying back units reduces the 8% they have to pay on those units,increases our ownership and allows all our metrics to look great- that's what BRK is doing and they don't even pay a distribution Oh well, guess you have to look at this like a bond with little to no price appreciation. Lastly, this whole space is being targeted by our own Government and woke, ESG money managers as dead in the water. The PORT project is dead and pipelines in general are being targeted- where will growth come from?
  • n
    nickeu
    Wiselama, Mike,

    I am adding more epd this am... interesting to know your take regarding the current resistance point. Do you think it can go sub 20?
    Bullish
  • J
    John
    Thanks to the Enterprise Partners Board and Management for making money for all of us while improving the future with thoughtful investments in more quality assets.
    The thing I appreciate most is this cash flow allows me to take cash out but still have enough to grow our
    future income every ninety days.
    It allows us a nice life and the ability to help extended family and friends, especially those trying to live on
    Social security. A dentist Bill here a Newspaper or Netflix subscription there, a lift chair or just some cash.
    We are secure not rich but I know the current situation is placing severe strain on many people, help when
    you can Partners.
    My Best
    John
    Bullish
  • A
    Andy
    This pays a paultry dividend. 8.1% is insufficient in the highly inflationary environment. When inflation (the PPI) is at 8.6% per year (and rising). And the CPI is rising at 0.9% per month (that is an annualized inflation rate of 10.8%), this dividend that EPD currently pays is too small. And the stock price is dropping at the same time.
  • n
    nickeu
    Added more, if it goes lower... will add some more. Nice Thanksgiving present!
    Bullish
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