Enterprise Products Partners LP (EPD)

[jugs]

Absolutely the case for this investor!

[OldAIMGuy]

.....but maybe helpful to other investors.........

[Travis Crider]

thanks but irrelevant to my post

[OldAIMGuy]

Here's Value Line's take on Enterprise. Note they now have an 18 Month and their traditional 3.5 Year Appreciation Potential on the page (upper Left side).



Best wishes,
OAG Tom

[Travis Crider]

false, lowered pt from 28 to 26...

[pete807]

GM Tom
Nice over sell off more than .445 this morning... Very normal for ex day as those that trade for the coupon are free to leave.

Good op for appreciation... added 500 @16.11, after missing the $16.01 bottom. No worries...
EPD PT upped to $28 by RCB capital

GLTA!

-pete

[jugs]

Today I added 400 units at $16.82 mostly.

My cost basis is now $16.83, up from the $16.80 of yesterday.

That said, I don't find myself able to set (in advance of market reality) what my best add-on price/unit might be. Generally I want to be adding when I find I am in position to improve my overall cost basis. Today I back-of-the-napkin style deducted the pending distribution from my buy price and it was to my liking for sure. Obviously if things continue to decay I will be going back to the well for another sip.

I like my present cost basis enough to continue along the same path. And I don't think I could find a more reliable return on my investment.

Good fortune to you!

[OldAIMGuy]

Yield is now back above 10%. Unfortunately the share price is still above my next buy target for now. (last buy was at $16.79) Besides the yield it shows up as a 8.3 Price/Earnings and 1.5 Price/Book Value. Not bad in today's world.

Best wishes,
OAG Tom

[Annerco]

This is a solid company but softness in general market is not helping today.

[jugs]

If it is a red day I will add a few u's.

[Annerco]

Expecting a red day for us today.

However, financials are a good indicator that EPD is weathering the situation going forward, which is a great signal.

[jugs]

Enterprise Prods Partners (NYSE:EPD) reported quarterly earnings of $0.48 per share which met the analyst consensus estimate. This is a 4.35 percent increase over earnings of $0.46 per share from the same period last year.

Sweet.

[pete807]

Today's finish was the imbalance to the sell side late in the session... an alert posted 10 minutes before close... Many with short term gains better than .445 will lock them in ahead of the mandatory drop Thursday which is ex dividend day. (distribution is .445) Tomorrow will then be a Johnny come lately day for both buyers and sellers with opposite ideas/plans, and time frame ideas. Institutions hold about 637 million units, and actively trade it.

I am 50/ 50 short - long term holder of EPD. The core hold has doubled this year, but that leaves a nice truanch of tradable green units. EPD will likely benefit from the well managed Q and expected largest rise ever in GDP expected Friday morning, before open.
.
I will hold or even add more units on the drop if it exceeds the .445, as expected... (from the capture the coupon crowd selling). I believe the unit price will recover quickly having watched the trends for years.

GLTA!

-pete

[pete807]

Additional momentum will arrive in 3 weeks...

[OldAIMGuy]

It 'almost' looks like EPD is moving upward from its September low point.



I like the steep W%R line so far.

Best wishes,
OAG Tom

[RubyMartin]

Very Good Info, Thanks

[OldAIMGuy]

Hi RM, Re: EPD's distributions.................

Here's what Value Line had to say in their report in late August, 2020:

Enterprise Product Partners’ distribution may be the most secure in
the industry. The quarterly payout is morethan-adequately covered by cash
flow and although the 10-K report states that the dispensation will be
evaluated each quarter, management is strongly indicating that it will not
be reduced.

....and:

These untimely units may appeal to long-term investors looking to
have a presence in the midstream space. True, conditions in the energy
sector remain depressed. Still, this MLP is offering a relatively
well-defined distribution that translates into close to a double-digit
yield. Moreover, total return potential is well-above average through 2023-2025.

FWIW, here's what their forecasts are for share prices in the future:

2023-25 PROJECTIONS 
                                    Ann’l Total 
             Price        Gain         Return 
 High         $55       (+190%)         36% 
 Low          $35        (+85%)         23%

Hope this helps,
OAG Tom

[RubyMartin]

With this and the sector down, do you think the dividend with hold??

[pete807]

Was busy away from the market but got 200 EP @ 14.95 before it turned yesterday. Those immediately leap frogged the tradable into the core closet. I am ready for another similar event.

-pete

[jugs]

We love to celebrate.

And Chris is going to be bringing Maggie Ellen next time. Should be fun!

Drinking rum and noshing on boiled yard sails. That makes me a jerk, yeah?

[OldAIMGuy]

Hi J, Re: $14.92...............

Nice Price. You and Chris have a good time celebrating.

OAG Tom

[jugs]

I guess I got lucky today---able to grab a few units at $14.92.

Love that number, MR. Columbus. It makes this my day.

We ought to get together, huh?

[jugs]

Hi, Tom!

Not understanding the use of absolutes to define amounts of cash to be spent purchasing shares or not spent as in when taking other types of actions.

Case in point:

As you know, I've been adding as mercilessly as I could, recognizing EPD is a truly awesome pick paying about 11% annually. There's just one rule I subscribe to---namely I've got to see money-making opportunity without any prayers required.

Not sure here but when you speak to sequential transactions, are you talking about wash rule considerations? I bought a dozen or more times today and I don't worry about the wash rule tax issues as I pay a CPA to take care of my business. I'm here to have fun and I don't want to be bogged down with the CPA's job. I prolly pay more tax, needlessly, but if the trade-off adds spice and fun to my life, I'm fine with that. Just gotta make enuff munney to pay the CPA lol

I like your having sell targets. I don't do that myself but what I do isn't very far from it, either. Today, for example, I was horny for more EPD and pretty much tapped out at the moment. So I sold a bunch of BAC which replenished the cash side of my accounts. I then repurposed the cash moving it into EPD. The net effect, then, is that I churned BAC with its 3% yield, redirecting opportunity towards EPD paying 11%. It's a no-brainer.

The thing I have to wonder about is the setting of presets as in percentages to buy or sell. Times change and account values do as well, obviously. I'm not sure I want to predetermine buy or sell points when so many variables come into the picture. On the other hand, today I sold hundreds of BAC with the divvy coming in this week. And I sold at a smallish profit, too. Selling was clearly called for what with the investigation into international banking institutions. But more important was the opportunity to take advantage of EPD's unwarranted drop knowing full well the company's balance sheet is in fine shape.

Question for you, Tom:

If you buy stock X today, how do you know you'll find acceptable terms of engagement thirty days out should you wish to sell or take profits?

Interested in what you think!

Looking forward.

Len

[OldAIMGuy]

Hi J, Re: EPD Buying....................

When I buy it's usually around a 12% share addition. Since "cash" is a limited commodity in my warehouse, one thing I do is to have a '30 day rule' which means no sequential buys in less than 30 days. That keeps the cash burn rate a bit slower. Sometimes I miss a buy but not too often.

Like all rules this one needs to be broken once in a while. If I stick with the rule I'll look to add more shares around the middle of October if my price target of $14.42 still is available.

I have no inhibition in selling. Any time a sell target is met, I will unload 10% of current shares. The method I use can't run out of shares on the Sell side, but I can run out of cash on the Buy side.

OAG Tom

[jugs]

Got a fill for 50 units pf EPD at $15.90.

Now reaching for $15.83. With the general market in melt-down mode, I'd say there's a 50/50 chance this order will make it through.

Anybody else in these here parts making moves too?

[jugs]

Dang, this dude screwed up---after posting I had $15.92 in mind I forgot to write the order. So I just placed the order now and will continue to follow things down as may be available.

[jugs]

Geeeesh!

I placed an order for 50 units of EPD at $15.97 not thinking it'd go thru any time soon. Went out to feel my critters (donkey and goats) only to return to the main house finding my $15.97 order executed.

Gotta stay on it as this is an incredible opportunity to secure food for the rest of my life, letting my current cash infusion pay off in the years ahead.

I'm leaning towards orders starting at $15.92 with follow-ons to be determined by how long it takes for the $15.92 to fill...if it does.

Later.

[jugs]

The order for 50 units of EPD came thru at $16.11. But my follow-on bid for 50 units at $16.04 is what caught me off guard as it went through about five minutes ago and I hadn't realized it. The truth is I was about to raise my offer. Alas and alack, I won't get to pay more. Pity, pity me.

So now I need to figure out my next moves. This bleed-off ain't over, I'm convinced. I know Jim Cramer said yesterday that this droppage will stop but I sense people are in the process of just now awakening to this latest round of Covid-19 reality and need more time to chew, swallow, digest and come to terms with a new world stage, its underlying difficulties not to be dismissed.

So I'm adding units as they drop in price, knowing full well that these value-oriented moves will indeed pay off as soon as people realize they ARE alive and if reasonable health protocols are followed, life can be rich.

A bid for units at just beneath $16 is looking sensible to me at this moment.

More later.

By the way, I hope I'm not turning people off with this trading information. My intent is that of guiding others with a perspective or style not necessarily similar to mine. My portfolio is much higher year to date and I'd very much like to see others benefit from other strategies.

Good fortune!

[jugs]

Back on the EPD accumulation trail once again.

Added at $16.17 and now trying for 50 units at $16.11.

I think this latest offer to buy will come through. If so, other low-ball bids will move towards center stage.

I sure do hope others are availing themselves of this incredible opportunity! This is money in the bank.

Too, given that the price is so ridiculously out of whack, it stands to reason that you can always redeem some of the seed capital you add now, should the need to raise capital arise. A rock solid stock can work effectively as an investor's petty cash drawer, available for unexpected situations. The beauty is that you make 11% along the way via distributions while you also set yourself up to benefit from capital appreciation.

Really, what could possibly be better?

Good fortune, folks!

[jugs]

Just now got a fill for 50 units of EPD at $16.12.

How do we spell "m-e-l-t-d-o-w-n?"

The Corona virus is being held responsible for the deep dives in today's market and that may be so. But I'm guided by opportunity and today's market action spells opportunity for me.

So here I wait, watching to see if I can scrape a few more nickels together to spark highly unusual profit potentials in the near to mid term and probably well beyond. With present EPD holdings, distributions will hand me $142.00 each week. It won't take much more to take care of the food my wife and I need. And, mind you, we eat really well. lol

What an exciting day this is!

I guess a lot of people run scared when the market shows signs of being roiled as is the case today. Yet it is in the nature of stocks to rise, to fall, to resume earlier trends...etc. I don't have to go into this as I'm sure we all know how things work. So, then---the key to adding wealth here is to take a chance and spend the bucks because you know EPD is the crown jewel of MLPs. Tight balance sheet enhancements of late spell even greater security for this massive energy-related company.

Once the investing public comes to at least partially accept the fact that Covid-19 is here and it is not going away any time soon despite anything politicians may assert, I see EPD beginning to rise once again. Even sick people require energy and energy-related services such as EPD provides. And while I shudder at the thought, the fact is that hospitals, too, depend upon products and services made possible by companies responsible for energy logistics such as our company handles.

So then, in the end, expectations may have gotten out of hand recently but one thing is for sure:

That, alone, will not translate into energy no longer being important.

Thus is the absurdity of those despairing because of difficulty in handling the obvious---regardless of the net effects of the pandemic.

[jugs]

Market timers are everywhere, just ask them! lol

More to the point, try to distinguish timing favoring gains versus losses.

Timing is everywhere but so illusive as to effectively be nowhere.

I see now I just got a fill on 50 units of EPD at $16.20 along with a 100 unit fill at $16.20 and one at $16.22. Follow-up indicates a fill of 50 at $16.19.

I'm about tapped out unless I find I just can't stand not taking advantage of this enormous opportunity and yield to my instincts.

The gut usually wins in my world. And no, I'm not overweight. lol

Now holding 4,100 units with a cost basis of $16.556.

Underwater? for sure! But sometimes the fisherman is in pursuit of fish that are underwater. And there are times when the fisherman is flying.

I'm preparing for flight. lol

Underwater by $1,565.

Pretty good given that this latest purge sets us up for terrific gains ahead.

[OldAIMGuy]

Hi J, Re: Timing on buying.................

I'm not a market timer, but it appears I might have been a tad early on my last EPD purchase. It's still two bucks above my "next buy" target, so I have time to wait.

OAG Tom

[jugs]

Things are obviously in a state of turmoil today. That said, opportunities are springing up everywhere. My interest isn't selling into a frenzy built of uncertainty. Instead, I've been concentrating on building out several positions, including EPD.
'
This one is a no-brainer, isn't it?

It never fails to come through with sizable distributions and often enough---even larger than previously in-line numbers.

Also, as moderator and friend Pete807 aptly points out, this is as rock-solid as any energy play could get.

I relaunched a position here in EPD last week, knowing the time was right as units had been unfairly beaten down without mercy. While I heard the pain, I felt the joy within. lol I had to trust my instincts and still do.

Aha! Here's my opportunity to slither my way back into unitholder status.

Well, sometimes living in the moment has its drawbacks and I guess I fell into one. But I'm hardly disappointed as I'm now holding 3,600 units with a cost basis of $16.60.

All told, I'm down a thousand $ but this thing could easily hand me a really strong gain in capital appreciation over the course of well less than a year while also rewarding me with $6,400 in distributions yearly.

I'm expecting to hold most or all of these units. Too, I'm vying for more units after transferring a bunch of bucks from my ACH-tethered checking account.

This is one of just a few stock places I find appropriate at this delicate and unstable moment as I have no fear when it comes to trusting EPD to remain stable.

Great stock! Great moderator and spokesperson in pete807 and incredibly smart opportunity to hold onto something secure.

Good fortune to all!

[pete807]

Typo he recognized.... E P D

[jugs]

You said you'd be researching EDP. I think you meant EPD .

I was hoping to help you avoid needless work.

[Trueheart]

Huh?

Trueheart

[jugs]

EPD.

You might not wish to own EDP as it's a grey market stock.

[pete807]

You are right, my mistake.

I was attempting humor with a friend, however, IMHO, since you brought it up I will respectfully disagree with your assessment of that call, since no one could predict this years headwind, take a step back and see the bigger picture, which for me is 25 years of following and holding a core, but now playing the channel.

When EPD returns to a more normal channel you will be surprised? ...and could have profited from it I suspect. My guess is Late 2020, Q1 2021. JMO

I believe EPD is worth more than $29.

So do some WS analysts.

-pete

Not trading advice.... Do your own research and don't buy or sell from anyone else's opinions. (My friend Trueheart who reads the tossed chicken bones, will get back to us, lol.. He may be the most accurate). In my opinion this is not a time to short EPD.

[Trueheart]

Hiya Pete,

I hope you're enjoying your day.

Congrats on the continuing success with EDP.

The company has been paying you handsomely over a long period of time.

You are a Steady Eddie who knows his stuff.

I went into town and bought a Costco chicken but didn't save the bones for a reason I cant fathom other than I am getting forgetful in my old age.

I will look at EDP.

Take care,

Trueheart

[Travis Crider]

I think ur off, replying to a post from 2019, not 2020, which is a little weird, but in his post of March 2019, epd was around 29 dollars and a horrible call.

[pete807]

That day it was a no brainer and everything on the planet stock wise was on the ocean floor. I think EPD bottomed at $10.33. Mr Najarian was really out on a limb there,...not.

Buy 1 get a free $4.99 Costco chicken and free shipping!

I missed the deal but added a lot since...300%

no worries Trueheart, don't forget to put a little aside in the EPD bank and collect the interest

-pete

[jugs]

Scarfing up units at $16.67 although the temperatures here in the Rio Grande Valley have been in the high 90's of late. No scarves necessary.

But the opportunity is beautiful and I've got to trust my instincts.
This is the perfect storm for the value side of this poster.

[OldAIMGuy]

Hi Pete,

Back when I started my EPD adventure it seemed fairly priced. I was even rewarded with a relatively quick small sale. Then it pretty much flat-lined until that first Buy in late February this year. Since then it's been far more active with a few yards gained and a few lost.

I now own 43% more shares than when I started. I borrowed from Peter to pay Paul for this latest buy. My "next sell" target price will reduce share inventory by 10% but will have a LIFO gain from this AM's purchase of about 48%. That should be acceptable.



Best wishes,
Tom

[pete807]

Yes it is pointless to try to damage our team... The game is out of reach so go back to your huddle because the only thing in doubt is how big the final score blowout is.

Our big players are saving their energy for the celebration!

Is that O line center EPD?

[OldAIMGuy]

Hi Pete, Re: Sector being Over-Sold.................

It's not been pretty in Energy Football recently. There seems to be piling on while our favorite players are already tackled. The referees should have thrown a flag by now.

Lucky for us, the Game's not over yet.

Best wishes,
OAG Tom

[pete807]

Great execution... sleep well. We do with EPD.

I have short term goals for 2/3 of my EPD that amount to double the yield,... even at the great % because even the very best MLPs sell off in between Q payouts by the big money funds to keep it working in order to justify/cover the fees they must charge clients to grow their money. Love the safety of high liquidity here.

It feels a little like we are on the brink of better days ahead for our sector...

-pete

[OldAIMGuy]

The fish net snagged 12% more shares at $16.79 on my GTC Limit order this AM. Effective yield of around 10.5% on those shares helps average "up" total yield and average "down" cost/share.

Now back to taking my nap......

OAG Tom

[OldAIMGuy]

Hi Pete,

I hope nobody was taking any of those stocks as "suggestions" for investing! They're in the bottom 41 out of 1700 companies for reasons no doubt. However, the sectors they represent are quite oversold. So, my theory is Study the Sector and Pick the Best. We know we're buying into an over-sold sector, so chances are even the best will be discounted a reasonable amount.

I'm very pleased with EPD and wouldn't think of changing horses.

Best wishes,
OAG Tom

[jugs]

Beautiful and eloquent as usual coming from you!

Thank you pete807.

Now up to 1,144 units and put $5K into my trading account. It's waiting for units to drop back beneath $17. I expect it will soon occur and I know this is the time to be waiting patiently.

I'm so glad to be back on board---both owning this great company and also here sharing issues of mutual concern on this message board.

Looking forward....

[pete807]

Just my opinion on one stock you posted in energy as out of favor, and why.... CVI
Far from trustworthy energy company as it is 80+ % a one person ATM... Carl Icahn. He is very familiar to us energy guys from activism and the days of CVRR where he paid himself (CVI) a huge special D to avoid giving a bunch to the MLP CVRR of his GP CVI. There were only three single refiner MLPs then NTI, CVRR, ALDW, now gone.

And in some circles or SA comment sections a question will come up "why not consider KMI and it's a strong business model" Answer:

Kindered once... twice shy

Interestingly enough the word Kinder is now a verb.

I have said this before regarding two very big influences in my MLP history... you can guess which one I still consider with reverent respect .
Dan Duncan, or Richard Kinder.

Randa Duncan Williams carries on the family tradition of excellence with EPD.