|Bid||28.36 x 1400|
|Ask||28.46 x 1400|
|Day's Range||27.91 - 28.59|
|52 Week Range||23.33 - 30.87|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||12.31|
|Forward Dividend & Yield||1.76 (6.32%)|
|1y Target Est||N/A|
(Bloomberg) -- The race to develop oil terminals that can fully load supertankers on the U.S. Gulf Coast remains congested, even as one of North America’s largest pipeline operators decided to push its project ahead.Over a year, more than 10 projects have been proposed for terminals that, combined, will be able to load 8 million barrels a day onto very large crude carriers, or VLCCs. While they all not be needed, the companies planning the facilities continue to move forward.Enterprise Products Partners LP was first to announce a final investment decision on its Sea Port Oil Terminal late last month, and last week the company said it expects to receive regulatory approval in the first half of 2020, followed by two years of construction. In the meantime, Energy Transfer LP said last week it was advancing talks on its terminal and Tallgrass Energy LP is holding discussions on its project.“I’d say the race is still on,” said Kurt Barrow, vice president of oil markets, midstream and downstream energy at IHS Markit. “Just because one company pulls ahead earlier in the race, doesn’t mean that they will be the first one over the finish line.”The new terminals should help propel U.S. crude exports to fresh records as oil continues to flow from American shale patches. Domestic output is forecast to average 13.3 million barrels a day next year, according to the U.S. government, about a million barrels higher than this year’s estimated average.The ports, combined with new pipeline systems, will also help ease bottlenecks that have caused Permian Basin crude to pile up with very few outlets.WTI at Midland, Texas, rose 5 cents to 55 cents a barrel above WTI at Cushing, Oklahoma, Friday, the highest since February, according to data compiled by Bloomberg.“Of the 10 or so projects that have been announced, not all would be completed, simply because they aren’t needed,” said Sandy Fielden, director of research for Morningstar Inc.Some, though, will be needed as the Louisiana Offshore Oil Port, or LOOP, is currently the only export facility in the U.S. that can completely fill up these mega-tankers, to ship barrels around the world. LOOP may not play an important role in U.S. crude exports in the long-term, especially if facilities are built in Texas where production zones lie, said John Coleman, an analyst at consultancy Wood Mackenzie.It’s not so easy to complete projects. Several have already faced regulatory hurdles this year. The U.S. Coast Guard and Maritime Administration suspended the review process for both Enbridge Inc.’s and Enterprise’s port applications. Officials also delayed the review process for Trafigura Group Ltd.’s Texas Gulf Terminals.Jupiter Energy Group pushed the startup of its terminal, which is backed by private equity firm Apollo Global Management, by a year because it hasn’t secured base shippers or approvals from the Port of Brownsville, according to Jupiter Energy Group CEO Tom Ramsey.Only five projects are in the permitting process -- those planned by Enterprise, Enbridge/Oiltanking, Trafigura, Phillips 66 and Sentinel Energy Services Inc., according to the Maritime Administration.Sufficient export infrastructure must be built along the Texas Gulf Coast, said a Texas Gulf Terminals representative.A Phillips 66 spokesman said the company’s plans have not changed, a Flint Hills Resources LLC spokesman said it continues to advance its project and Port of Corpus Christi officials were not immediately available for comment.“In our view, there is not going to be one winner in this race. There is room in this market to support two to three total VLCC terminals and that won’t include LOOP,” said Coleman.To contact the reporter on this story: Sheela Tobben in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Marino at email@example.com, Catherine Traywick, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM), Chevron Corp. (CVX), Netflix Inc. (NFLX) and Enterprise Products Partners LP (EPD) Continue reading...
The U.S. has more midstream energy infrastructure than the rest of the planet combined, and the companies that own it can deliver powerful returns for investors.
Energy Transfer (ET) continued its earnings growth streak in the second quarter. The company reported an adjusted EBITDA of $2.8 billion.
Enterprise Products (EPD) expects to complete the construction of developments worth $3.2 billion through the July to December period of 2019.
In this article, we'll look at five MLPs with at least 90% buy ratings: EPD, MPLX, Energy Transfer, Viper Energy Partners, and Black Stone Minerals.
Enterprise continued its quarterly tradition of posting record results and increased capital spending projections for the year.
The ability to buy it and forget it is the nirvana of investing for retirement. After all, most individual investors don't have abundant amounts of time and skill to do the homework needed on an ongoing basis when it comes to investing for retirement.Source: Shutterstock But by the very nature that you're reading this, you have made the time and the effort to invest beyond just the general stock market.So, while I cannot just give you a list of "buy and forget" stocks, I will steer you towards a collection of stocks in specific industries and markets that have a good track record of delivering growth and income for many years.InvestorPlace - Stock Market News, Stock Advice & Trading Tips A Word On Income and the "Buy and Hold" MethodThe general advice from Wall Street is to just buy and own the S&P 500 Index through mutual funds or ETFs as stocks always go up over time. Most long-term investors don't care about dividends as much as growth. Their argument is that they don't need income, so why have a focus on it until they retire and start to withdraw payments from their accounts?Investors who think this way are missing the fact that dividend income is vital to building a better retirement portfolio. If not taken out, dividends pile up and can be reinvested to build up a portfolio. This brings a growth element to a portfolio when the general stock market is flat or slipping. And it also works to build up overall portfolio balances.Even my most favored stocks are not immune to changes in their businesses, markets or general economic changes. I suggest to my subscribers of Profitable Investing that they merely do a quick review of their own holdings once a month when statements are issued. The review should include a simple question of each holding: would you buy it again and why? If you can't easily answer yes and with a simple explanation of why - then it is time to sell and move on to something else.But now, on to my collection of longer-term buy and own stocks. 5 Stocks to Buy for the Longer HaulI have put together a collection of five stocks to buy that are in diverse markets and pay dividends that range from close to the average of the S&P 500 Index to many multiples more. They are in varied segments ranging from industrial and consumer products, technology, utilities, real estate investment trusts (REITs) and the energy market. And all of them are proven to well-serve their longer-term investors.First, Compass Diversified Holdings (NYSE:CODI) is a holding company that owns a collection of industrial and consumer products companies which it buys, owns, and sometimes sells. Along the way, the company collects lots of cashflows from its underlying companies. In turn, it pays a lion's share of the profits in the form of a big dividend, currently yielding 7.2%.Compass Diversified Holdings (CODI) Total Return Source BloombergCODI shares have delivered a total return since coming to the public market of 324.95% against the S&P 500 index's return of 200.49%Next is Hercules Capital (NYSE:HTGC). This is a Silicon Valley-headquartered company which seeks out new and developing technology companies in its area and beyond. It then works to finance their developments and takes equity participation. HTCG provides guidance in their development including eventual exit strategies through company sales and initial public offerings (IPOs). HTGC stock also pays a bigger dividend which currently yields 9.82%.And the company has delivered a return since coming to the market in 2005 of 292.69% against the return of the S&P 500 Index at 238.4%.Hercules Capital (HTGC) Total Return Source BloombergOn to the energy market in the reliable dividend-paying segment of oil and gas pipelines with Enterprise Product Partners (NYSE:EPD). Enterprise Products owns and operates a massive network of pipeline and related oil and gas infrastructure that is crucial to the growing petroleum industry in the U.S.Enterprise Product Partners (EPD) Total Return Source BloombergEPD generates an increasing amount of revenues and profits which in turn pays a portion in a dividend yielding 5.9%. Since coming to the market in 1998 the company has delivered a return to shareholders of 2,013.15% against the S&P 500 Index return of a mere 290.28%Next is one of the most impressive of U.S. power utility providers, NextEra Energy (NYSE:NEE). This company provides regulated power to customers in Florida. NEE also provides unregulated wind and solar-generated power throughout North America. This combination of reliable cashflows from its regulated business and growth from the unregulated wind and solar generates ample growth in the stock price along with a modest dividend yielding 2.4%.NextEra Energy (NEE) Total Return Source BloombergAnd since 1980 to date, NextEra Energy has delivered a total return with stock price growth and dividend income amounting to 22,218.67% compared to the general return of the S&P 500 Index at 6,797.30%. That's a whole new era of a return for a retirement account.Last up is a favorite REIT that owns and manages college campus facilities and dorms around the U.S. American Campus Communities (NYSE:ACC) is the leading publicly traded college dorm REIT in the U.S. ACC continues to be a very reliable source for dividend income and growth in the underlying property values. It yields 4.02% with a dividend payment that continues to rise by an average of 4.85% per year over the past five years.And since coming to the public market in 2004 to date, the company has delivered a return of 411.11% which compares well against the S&P 500 Index return for the same period of 276.29%.American Campus Communities (ACC) Total Return Source BloombergNow that I have presented my way to invest in the solid long-term focused stocks for growth and income, you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. For more -- look at my Profitable Investing.In addition, if you find yourself in San Francisco on August 15 through 17 - please join me at the MoneyShow where I'll be presenting my economic and market analysis and my latest investment themes and recommendations.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above, but they may be held in his model portfolios. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 A-Rated Stocks Under $10 * 8 Monthly Dividend Stocks to Buy for Consistent Income * 7 Disruptive Biotech Stocks to Buy for 2025 The post 5 Stocks to Buy and Hold Through Retirement appeared first on InvestorPlace.
(Bloomberg Opinion) -- Relying on master limited partnerships in recent years has been great for insomnia – as in, causing it. Two MLPs (and one ex-MLP) hosting earnings calls Wednesday morning showed why.Western Midstream Partners LP went first. It was not one of those great-quarter-guys calls, what with the company missing estimates by a mile and also cutting guidance. Having dropped as much as 16% in early trading, the units later stabilized (in an ICU sort of a way) at just 12.5% lower as the morning wore on. The company blamed most of the guidance cut on lower volumes running through its pipes as Permian-basin producers took an unusual amount of downtime, due in part to a lot of “weather-related” factors such as lightning strikes.It doesn’t help that this all comes less than a year after Western Midstream bought a big slug of assets from parent Anadarko Petroleum Corp., collapsed its corporate structure with promises of raising distributions by 6%-8% in 2019 (now 5%-6%), and changed its CEO. Plus majority unitholder Anadarko is due to soon be part of Occidental Petroleum Corp. And Oxy is expected to sell much (or all) of the stake in Western Midstream to help pay down the resulting debt. In short, now is an especially inauspicious time for lightning to strike the earnings outlook.Oxy, of course, will soon join the ranks of those relying on MLPs because of the Anadarko deal. The value of its pro-forma stake in Western Midstream just dropped by roughly $1 billion in a matter of hours. Granted, offloading some or all of the MLP still makes a lot of sense, as it would let Oxy deconsolidate $7.1 billion of net debt on Anadarko’s balance sheet. But a billion dollars is a billion dollars, and Oxy can use every single one as it strives to justify the deal. It was one of only a handful of oil stocks down on a generally bullish morning for the E&P sector.It didn’t help that Enterprise Products Partners LP, the biggest MLP by market cap, hosted its own call soon after Western Midstream’s. Asked directly whether Enterprise was also seeing the impact of weather issues on its clients in the Permian basin, the answer was no (so Western Midstream was really unlucky, it seems). What’s more – and a hat-tip here to Hinds Howard, midstream portfolio manager at CBRE Clarion Securities, for pointing this out – CFO Randy Fowler dismissed a question about M&A by noting organic expansion offered better growth for less capital. None of this suggests Enterprise is champing at the bit to buy any stake in Western Midstream at a high price.More broadly, it also didn’t help that Enterprise just reported its seventh quarter of better-than-expected earnings in a row. The resulting 3% gain Wednesday morning took its units to their highest level in almost five years – that innocent early fall of 2014 before oil prices crashed and MLPs entered the meat grinder.How can good news from Enterprise be bad news? Because of this:In the intervening five years, Enterprise raised its annualized distributions by 23% while also reducing its leverage at a time when many of peers slashed payouts to protect balance sheets. Yet, now offering a yield of almost 6%, it trades at a 10% discount to the S&P 500 on Ebitda multiples versus a 74% premium five years ago. Enterprise is a good company in a neighborhood – MLPville – most folks now just want to avoid. It also happens to be a very large resident, making it tough for individual fund managers to keep loading up (see this).As if to drive this point home, ex-MLP Oneok Inc. also fired up its webcast Wednesday. At just under 8%, it beat earnings estimates by almost exactly the same margin as Enterprise. Yet Oneok’s stock jumped by almost 5% – taking it not to where it was five years ago, but close to its recent all-time high. At almost 14 times Ebitda, it trades at a 15% premium to the market, having been re-rated sharply upward in mid-2017, when it ditched its MLP structure in favor of a regular C-Corp.The latter is a more bustling neighborhood these days, offering a bigger pool of capital on cheaper terms (in return for better liquidity and governance). Barring the equivalent of a lightning strike, that fundamental advantage over MLPs isn’t likely to change soon.To contact the author of this story: Liam Denning at firstname.lastname@example.orgTo contact the editor responsible for this story: Mark Gongloff at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Enterprise Products Partners LP said on Wednesday it expects to take about two years to construct its oil export project called Sea Port Oil Terminal, or SPOT, in the U.S. Gulf of Mexico. Enterprise Products signed long-term agreements with Chevron Corp to support the development of SPOT, which will be designed to efficiently load supertankers capable of transporting about 2 million barrels of crude. Analysts expect Enterprise to expand its Permian crude oil transportation system via a possible Midland-to-Echo 3 pipeline with connectivity to the Houston ECHO terminal after the agreements with Chevron.
Enterprise first announced initial plans for the project in July 2018 and now is just awaiting approvals and licenses from the federal Maritime Administration.
Pipeline operator Enterprise Products Partners LP signed long-term agreements with Chevron Corp that advance its proposed offshore crude project in the U.S. Gulf of Mexico, the companies said on Tuesday. Enterprise's Sea Port Oil Terminal, or SPOT, is one of at least eight similar projects off the Texas and Louisiana coasts proposed to export oil from the region's shale fields. It would compete with projects under development by commodities trader Trafigura Ltd, private equity firm Carlyle Group , and pipeline operators Magellan Midstream Partners , Tallgrass Energy LP , and Phillips 66 .
Stocks aren't all that different than cars, in some ways. Sure, the Ferrari is a lot of fun to drive, and you look cool sitting behind the wheel. But it's also going to cost you a fortune, and high-performance cars spend a lot of time at the mechanic's shop.Now, compare that to a Honda Civic. You never really notice a Honda Civic on the road. It's utterly forgettable. But it's also just about indestructible, requires virtually no attention from you, and it quietly and efficiently does its job.Consider that mentality when you're tracking down stocks to buy. A highflying growth pick can be a lot of fun to own. You look smart owning it, and it's fun to talk about at parties. But when the market's mood swings the other way, you're often left with some nasty losses and a bruised ego. Meanwhile, that dividend-paying value stock in your portfolio might not be particularly interesting. But over the long haul, it's a lot less likely to give you problems. Like that Honda Civic, it will quietly do its job with no stress and no drama."Some of our most profitable trades over the years have been some of our most boring," explains Chase Robertson, principal of Houston-based RIA Robertson Wealth Management. "We've done well for our clients by mostly avoiding the trendy sectors and focusing instead on value and income."Here are 11 boring but beautiful dividend stocks to buy now. They might not be much to look at, but they're likely to get the job done over the long term. And when you need them most - in retirement - they'll be less likely to break down on you. SEE ALSO: 50 Top Stocks That Billionaires Love
Enterprise (EPD) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.