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Seeking Alpha often publishes about EPD...
Enterprise Products Partners: One Of The Better Dividend Payers In The Space
The correct word for what they pay is Distributions, (to it's limited partners)
Just the headline because I did not buy the premium subscription. I bought more EPD on a Wednesday
Zzzzzzzzz
Hitting 52 week highs. Not many are.
Rare indeed!
If you have followed EPD you already know it. Sleep well.
https://seekingalpha.com/article/4640165-hard-times-bring-big-income-enterprise-products?mailingid=33002092&messageid=2800&serial=33002092.38752&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=33002092.38752
Still here from the last century Phil. 74.68% is what it says.
It's the green "old" deal 
I was the moderator, asleep most of the time, since it required no thinking. My kind of job.
Dropped mid month from lack of speaking ability.
Everything currently is long term. All the old bids expired. Looking forward to a December buy point now after drawing lines......
Carry on! Zzzzz
-pete
7.3% Annual dividend.
Golden.
Gas is the fuel for electricity
https://public.tableau.com/app/profile/ron.h8870/viz/Energies-ElectricityGeneration/ByFuel
$EPD 25% is held by institutions
Even GTC orders expire in 60 days.
I use use GTC for protection against borrowing, and place the price at what I consider out of reach, or if sold would be such a big win. Knowing the size of the float and the number of institutions in it makes a surprise in this stock VERY unlikely for traders that do it for a living.
IMHO good traders know how to take profit, hence our LIFO discussion on making money between quarterly distributions to increase the yield. Having a plan is very important, no? Whether it is a used car or the casino.
I was told by a large company head of Human Resources; "The worst addiction to cure is gambling"
I use a big brokerage firm but do all my own trades. The Schwab head of my region called me and we had a great discussion. I remember after congratulating me he said "I have a lot of people who don't know how to take profit".
My guess is they don't follow the markets or trade daily. Of course surprise becomes likely.
I agree with OldAIMGuy's signature line:
"Buy from the scared, sell to the greedy".
I respect your opinion but our's works well too. The key is HAVE a plan, and be disciplined.
No checkmate here, just a stalemate.
-pete
Hi T, Re: discipline.......................
I read a story called "The Man Who Was Too Lazy To Fail" years ago. It's basically "work smarter, not harder" and I've attempted to do the same with my investing!
Nearly 100% of my trades are done with GTC Limit orders. That gets me away from the computer and off doing other fun stuff.
Best wishes,
OAG Tom
Hi Pete,
Officers and directors own ~!32% of outstanding units, too.
Skin in the Game.
OAG Tom
Hi Tom,
Enterprise Products Partners L P - Unit (US:EPD) has 1414 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 704,439,501 shares.
After watching the show "Billions" we can understand these multi desk tutes are actively both long and short. The percent they borrow is around 1/2% which is not high at all regarding short interest.
Short Interest:
Percentage of Shares Outstanding 0.58
Number of Shares Short 12.54M
Number of Shares - Previous Month 12.99M
Short Interest Ratio (Days) 2.51
Short Interest Ratio - 1 Month Ago (Days) 3.06
In between the quarterly payouts this time, the best opportunity to add appears to be around $1 lower than Fridays close. The next distribution announcement is possible as early as July 5, which would mirror 2017, but could be the following week. No surprise to anyone that the amount will be similar to the current distribution + .025% .50? That indicates a steady timeline to be invested for the distribution by two or three days before the ex date, which in general is a quarterly peak of the stock price.
The institutions need to cover their fees for client investments and show a profit to attract new clients. Active private traders can use that knowledge to their advantage, knowing that a large group of people do not have time or feel comfortable managing their own portfolios.
I sold my LIFO flippers mid May and added 5% to long term core. IMHO it is hard to find a better place to park money. So I agree any time you begin is good. The prospect for heirs to get a stepped up cost basis its also attractive.
Thanks for posting,
-pete
Good morning T, Re: EPD investing......................
Here's Value Line's take on EPD.
"Long term total return potential is also appealing."
If you're investing for dividends, getting started is the most important thing. The stock price has been in a trade range for a long time. With the exception of the Covid incident it's been between $24 and $32 since 2016. So, risking your $$$$ when it's in the middle of that trade range isn't particularly 'risky.'
Larry the Cable Guy would say, "Get 'er Done!"
Hope this helps,
OAG Tom
I am biased toward EPD for the reasons mentioned.
When you witness 20+ years of a company and their management you are bound to be biased.
Buy when you see a dip.
Nothing wrong with Warren Buffet agreeing with a stock I own!
EPD they are following YOUR list!!!!!!!
https://247wallst.com/investing/2023/06/01/warren-buffett-continues-to-load-up-on-energy-5-cheap-global-integrated-oil-mega-caps-with-huge-dividends/
EPD is the steadiest payer on purpose, and will also generate LIFO gains between Qs as over 1400 institutions are on it and move $ in/out to work the client's money between quarters. I usually can flip some short term at yield X 1.5 or 2. Develop a formula for a $1 swing and give Uncle Sam the cap gain tax. Slowly grow your long term core with lots held a year.
I sent you a my best RT's privately before you accidentally blocked (just click the unignore or follow to correct and I will send you the link) Was gone all day traveling and just got home and it still says blocked.
Better payers are not as steady as EPD simple because EPD covers worst case scenarios and hold enough cash back to protect the distribution, and even slow Capex plans when conditions require a pause. Their record speaks for itself. ET is a distant second Look at others like PAA & KNOP that have had to cut in half or more as their roller coaster chart required. They
still pay more for high risk if you can handle it.
Key is learning to take disciplined profit, like a singles hitter in baseball. Bid sit low like waiting for a fat pitch. Sleep well with your EPD core.
-pete
