Enterprise Products Partners LP (EPD)

[winchem21]

Barron’s on EDP: MLP Promises Both Growth and Income
The stock market isn’t showing much respect. Investors should.

http://www.barrons.com/articles/an-mlp-that-promises-both-growth-and-income-1509160317

IMHO, EDP is screaming buy now for non-IRA holding with nearly 7% yield, the best management in the field, and uniquely positioned for the petrochemical surge that is taking quietly taking place in the US.

Good insights in this Barron’s Oct 28 article:
“The Houston outfit was early in recognizing that the U.S. shale boom would significantly boost production of natural gas liquids (NGLs), which account for more than half of profits. The company extracts NGLs from natural gas, transports them, and separates them into components, such as ethane and propane—a process called fractionation.

It has the only pipeline that carries ethane from the prolific Marcellus gas-producing region, centered in Pennsylvania, to the Gulf Coast. There, it operates the nation’s largest group of fractionators at the NGL hub at Mont Belvieu, Texas. Surging NGL production is fueling construction of large petrochemical plants on the Gulf Coast that will use ethane as the key input to produce ethylene for plastics. The company wouldn’t talk with Barron’s ahead of posting third-quarter earnings on Nov. 2.”