Enterprise Products Partners LP (EPD)

[OldAIMGuy]

EPD replaced HESM in Value Line's Model III portfolio this week. These two are similar in business and historical price pattern. The extra exposure from Value Line might just give EPD a bit better sponsorship. This portfolio is designated as one for long term price growth potential with a 3-5 year time horizon.



Value Line is starting their position at $31.40/share with a yield of 6.6%/yr. It will be interesting to see if this inclusion has a positive effect on EPD.

I personally own EPD and have for many years. I profitably trade a small amount of EPD around my core holding as the share price cycles. It's not very often I get a trade, but my effort has lowered my average share price while raising my average dividend yield.

Best wishes,
OAG Tom

[pete807]

Everyone is entitled to their own opinion, but remember this:
It is worth exactly what you are paid to give it.
That's JMO

[RubyMartin]

Distributions declared with respect to the first quarter of 2025 increased 3.9 percent to $0.535 per common unit, or $2.14 per common unit annualized, compared to distributions declared for the first quarter of 2024,

[Trueheart]

M-F Trump let his ego run wild again and tanked Enterprise along with the oil industry. The SOB refuses to heed the warning that cheap, cheap oil is killing American producers!

[pete807]

Good Morning Tom,
Easily the best core holding a wise investor could have. I was happy before it broke out of that old channel!
1,516 institutions that hold EPD must be too.
https://www.nasdaq.com/market-activity/stocks/epd/institutional-holdings
I like EPD Nat Gas assets.
Money managers have become increasingly bullish on U.S. natural gas after inventories dipped this winter.

[OldAIMGuy]

EPD continues to hold up well in a market that seems to be confused.
https://schrts.co/vmDtwmxA
Accumulation/Distribution is holding up well in this tricky time frame.
Best wishes,
OAG Tom

[pete807]

Good Morning and Happy 2025 to you too Tom.
Few partnerships are run better than EPD. None come to mind as they seem to factor all possible scenarios into their conservative steady increase of distributions over the decades-long time line.
Thanks to the philosophy Dan Duncan began with and Rhonda and the board have followed.
Stay warm
-pete

[pos_stock_hoarder]

And far more generous to their holders!

[OldAIMGuy]

Hi Pete,
The EPD chart is rather pretty for the last three years:
https://schrts.co/aTgpPaeR

Let's hope either for a continuing trend upward or a nice, healthy correction so we can add shares back to inventory in our Equity Warehouses!

Best wishes for 2025,
OAG Tom

[pete807]

Distribution raised to .535.
EPD is safer than a bank!

[Lime Time]

EPD 34.63 🚀

[velcro]

One month ago, I doubled my EPD investment. EPD pipelines will be carrying more volume as both oil and gas production increase.

[Lime Time]

Hello 32s EPD 🚀

[OldAIMGuy]

We're stacking up more and more new share price highs here.
https://schrts.co/UcEHYZRd
This is shaping up to be a banner year for EPD.
Best wishes,
OAG

[Think1st]

Thank you both..
I see insider sold if I read it correctly.

If one knows how to trade..Great..
For me sometimes take some off the table...however one must know how to do it.
have 125 grand in treasury earns 4.46 %
Looking to sell some and get 7 % that's why I bought epd. Et is in same business though didn't buy it.
Bought spyt it earns 20%
Lost ton on lwlg

[OldAIMGuy]

Hi T 1st,

Cash is currently earning a good portion of what EPD pays in dividends. If I collect a LIFO gain of 25% to 30% trading around my core holding, those $$$ can sit a while at ~5% interest and quite a bit of time can pass with no trades and Time/Value hasn't been hurt.

I look at both Frequency and Amplitude of price movement. I could have higher frequency of trades, but only by lessening the amplitude needed to trigger those trades. In other words, smaller profits with more frequent trading or larger profits with fewer trades. I've chosen the second as this is a higher yielding investment.

It's like shopping. Do you want to buy a $30 Shirt on SALE for $29.95 or wait for them to be selling two shirts for $23? When black swans fly over, I'll be there to harvest their eggs.

Best wishes,
OAG Tom

[OldAIMGuy]

Hi T 1st, Re:Current price $31.46 & you say it will fall to 23.85????
Why??

I have no idea where the price will go next. I use 20/20 hindsight, not a 50/50 guess about the future. I have a plan, it says "If the price should drop to around $23.85 you should look to accumulate 12% more shares." Not a prediction, just how I'll react if it does dip. Same with the Next Sell target. It may never hit $33 but it might also go to $40. In either case, I have a plan. I'll unload 10% of the remaining position if it goes much above $33. If it continues on from there, I'll still have shares to sell if it reaches all the way to some much higher number.

In between is what some might call the 'hold zone.' Nothing happens there except to collect the distributions as I await the chance to profitably trade around my core position value. The inventory management method is based on Robert Lichello's AIM model, first described in his book in 1977. I adopted his inventory control method in 1988 and have used it on all my investments ever since. My motto is "Buy from the Scared, Sell to the Greedy." There's about a 25% to 30% gap in between the buy and sell targets, so that generates enough profit on a round trip to justify missing a dividend or two for a while.

Hope this helps,
OAG Tom

[pete807]

Frequency of daily vs weekly attention to it is the difference IMO. Hence my narrower bookends.
As I hold longer and rely on both Q and monthly D's I have increased reward with less risk.
A larger cash reserve and with the addition of good monthlies I will often sell for that 5% while calculating the swings leading up to monthly vs. quarterly.
Fine tune your trading. Oh, and mostly avoid penny plays, Too few are real, and be happy to miss that 1% that are... JMO
-pete

[Think1st]

I hear.however to post on a ten dollar drop, to then get in.
Is just too much.. its now $31.60 if one says if it drops 3-4 % that's reasonable
Jmo

[pete807]

I will answer for him.
First, understand the 1400+ institutions that manage money for clients move money in and out of EPD. Every trading day there is the long and short side trading working to capture bits and cover fees to do that managing.
He sets bookends, which is wise IMO. Know your plan to take profit, and when you think the price says invest.
EPD is a rare solid respected MLP operator. We are lucky to be limited partners. My core is about 25% of my equities.
I also recently took profit and hope to add back at the bid I placed in July @ 25.71.
As a long time holder and follower I know my bookends are a bit narrower than his but I adjust them more often, lol. We still think alike.
My last add was 5/18/2020 @ $17.88
Good Luck trading
-Pete

[Think1st]

Current price $31.46 & you say it will fall to 23.85????
Why??

[OldAIMGuy]

10% of my EPD share inventory was shipped off to new owners yesterday at $31.415. I've reset my targets to $23.85 to accumulate 12% more shares and $33.07 to liberate 10% more inventory.
All's well in the Equity Warehouse. The Sales Dept took the rest of the day off!
OAG Tom

BTW, my last addition of shares was back in 2020 at $16.79/share with a yield at above $10%, I believe.
https://schrts.co/BiuSivik

[Lime Time]

Dividend hit. Pretty good EPD 🚀

[Lime Time]

Nice to hear from you and your thoughts EPD.

I'll hold mine, divi goes into penny play with huge potential. Profit from penny plays goes back into this and the cycle continues. 2025 will be a great year for stocks.

[pos_stock_hoarder]

Best to you as well, Pete.

Taxing unrealized gains. How to kill an economy with mindless bureaucrats. SMH.

[pete807]

Hi Phil,
Like OldAIMguy's profile siggy that I responded to says... Buy from the scared, sell to the greedy. We been here a long time.
In the case of EPD it is my least risky play, so fear not, save up even couch change and buy on ex day for a quick 50+ cent sustained payback When the D is covered, shortly thereafter. Hold for at least 3 months for another 50+ cents, or for a decade or two for "all" the capital returned without taxation, as a partner. You knew the idea to tax unrealized gain was idiotic.
Somewhere around 1450 institutions own shares in EPD. Yahoo says 1454. Last month 700+ were buyers and 400+ were sellers. Truth be known different desks of the same institutions probably do both all the time. They move in and out to cover the fees they charge to manage private money.
My kids will get a stepped up cost basis and hopefully will learn to do the same as I did.
-be well
pete

[pos_stock_hoarder]

I love reading posts from folks like you. Very educational. If I ever accumulate more of this gem, I'll have to put on my thinking cap. For now, with only 400 shares, I'm just holding and worrying.

GLTA!

[OldAIMGuy]

Hi Pete, Re: Inventory Management of EPD shares.................

I need $30.77 to make my target for reducing the share count. That's very close at hand.
The last activity I had was a buy, quite some time ago. It would be nice to have some Round Trips again.

Best wishes,
OAG Tom

[pete807]

GM Tom,
Almost flipped some at over 30, but moved back down so fast above the 70RSI line I waited a bit too long yesterday to hit the button, lol.
Because of the uncertainty before Nov 5.
Now it is back and I am there again. Today I got it done.
Been having to raise my buy back bids on this very strong company, but we won years ago picking it, anchors my philosophy, which was reaffirmed this week.
Good to connect with you again,
take care,
pete

[OldAIMGuy]

Hi LT,
Nice dividend along with solid price appreciation in 2023 and 2024.
https://schrts.co/QBfEqrRg
Note that the Accumulation/Distribution line has been favorable for a long time.
EPD is approaching a price where I'll reduce share inventory a small amount.
Cash will be set aside for future "restocking" of share inventory.
Best wishes,
OAG

[Lime Time]

EPD 52 week high today 30.12

Love the divi here 🚀

[RubyMartin]

So $.525 on Nov. 14, 2024 for holders of shares on close of Oct. 31.

[Think1st]

Ok Bought EPD @ 28.67
Thank you
Would of bought ectm
However refuse to pay the $5 fee for buying, etrade charges

[OldAIMGuy]

.....and just like that, EPD's yield is back above 7.3%/yr............

[Lime Time]

29.99 come on 30s 🚀

[RubyMartin]

$.525 On Aug.14th for holders of shares on close of July 31st.

[pete807]

I'll tel Gary when I see him you were rambling....

[Lime Time]

Break 30 bucks next week. Fat divi hit my account love it 🚀

[RubyMartin]

Again $.515 On May 14 for holders on close of April 30

[tdeck]

Whats up brother, well your EPD has been a shining star well done was so tempted to jump in for Doug but just need not steady great income as it give you, I need some Peace Out focus to get Doug where he needs (wants and I promised) to be by years end, but man you really picked a sweety in EPD give credit where credit is due.

Hope Doug sent you the links about a month ago about your area of expertise midstream upstream they said a few months ago was severely undervalued.

Send me a text I cannot find your number on the phone want to have a chat and I am paying $13 a month to PM until I know the yo's are gone but I am here until pluck my nerves, LOL.

One thing a heads not so much an investment more a flip (only because I don't do the investing longterm in the drilling game) but borr had a hit lately because Saudi Arabia cancelled a few rigs and that was a gut punch but they had finally started paying divies it hit $9 I think a good number to shoot for for a flip is anywhere between $7.50-8.00 opened up just above 6 on news at 4AM but I think decent % flip I am gonna try to grab some $5.50-6.00 on open sell the news dip, we shall see. u just a swing to make the Augie dog some steak money LOL hope the Augie dog is doing good been thinking about him.

Will be seeing you more than likely January just a couple day stop am heading out to have a look at Montana for a home, but may make it August as I am supposed to go to Boeing classic with Doug and between idiots that are in the airports and on planes now and the Boeing planes as of late (where would one start) if I go I am gonna take a sleeper car and stop various places along the way, we will speak and see when and if is good time with the misses hope she is doing well I send my best. I probably will go in August it's like but even taking the sleeper car on Amtrack I still have to go to Seattle blah, but he's my buddy and asked more than a few times so I am gonna bite the bullet most likely make a month long trip out of it and deal with the crazies in Seattle for a week then the rest wherever just to stretch my legs for a minute as I am almost done mommys house.

Okay sorry EPD guys i started talking about it but had to speak to him on something else my apologies, and BTW as I told Gary damn good turn of events here, he always knew, sometimes us younger know it alls need to listen to the old dogs, makes us look in the mirror and check our young arses LOL

Congrats to all, futures so bright you gotta wear shade.

peace out.

[pete807]

GM Tom, Another bank

Scotiabank raises $EPD PT to 31 from 30. Banks know where to put money, even though they wish it were in your accounts with them.

Each month banks give a tiny fraction of the 7% tax free distribution, as those pennies appear rather miniscule on our statements.

-pete

[OldAIMGuy]

EPD tipping the scales at nearer $30/share. Value Line offers an 18 month "Appreciation Potential" of $23 to $32. It's 3-5 Year estimated potential is $45 to $70! Even the lower end of that would make me smile.

From Value Line:

Enterprise’s finances ought to able to manage its large construction program. The partnership reduced spending in 2021 and 2022, but it returned to more normal levels in 2023. The U.S. has become the world’s biggest exporter of LNG and EPD should benefit from this.

MLP investors may want to take a closer look at these neutrally ranked units. The current yield of around 8% is well above the Value Line median and in line with other midstream entities. Moreover, potential returns out to 2027-2029 are attractive. In addition, the partnership size and presence in all the major shale plays and end markets makes it less vulnerable to a specific problem in any sector or territory.

James A. Flood February 23, 2024

[OldAIMGuy]

Hi Pete, Re: Spreading it around...............

I own EMLP as a catch-all in this space, too. It's in a different portfolio. I trim it by 5% as prices climb and add 6% on the dips. Roughly there's a 20% LIFO turn on the round trips. They don't happen very often, however!

Thanks for the thoughts. Barclays upper target is about where I'll let the next 10% of shares go.

Best wishes,
OAG Tom

[pete807]

Barclay's is a bigger name player than Truist, with the latest upgrade which you probably noticed.
Barclays upgraded our steady $EPD to $31. I moved the long term sells higher after selling 8% which were short term. None left to take off the table.
I started a position in MPLX to compliment my energy long term passive income with MLP's strategy.
Bought the dip...
-pete

[pete807]

Nice to be aboard for a breakout

[Lime Time]

28 bucks. Hit new 52 week high.

I diggit

[Lime Time]

One penny short from 52 week high 🚀

[OldAIMGuy]

Hi Pete, Re: EPD Price and Upgrade.......................

Those are just above my next targeted harvest price. I'll take some $$ off the table at $30.77 for future rainy day purchases.



I now have about 16% more shares in EPD than when I started and slightly more cash held in reserve as well. Without dividends, the holding is up 19%. I've had 5 Buys and 4 Sells of incremental amounts over the holding period. The best accumulation price was $13.48 while the best distribution price was $29.38 so far.

Through those small, opportunistic trades, I've been able to take a stock that's only gone up 3.8% and managed to increase the return to 19%. Collecting EPD's generous distributions has also helped in the total return.

Best wishes,
OAG Tom

[pete807]

Another upgrade
Truist Securities raises price target to $33 from $31
https://www.marketbeat.com/instant-alerts/nyse-epd-boost-price-target-2024-02-21/

[pete807]

Beat consensus by .04
Crude pipeline volume up 15% all time record
https://www.reuters.com/business/energy/enterprise-products-posts-15-growth-crude-pipeline-volumes-q4-2024-02-01/