Enterprise Products Partners LP (EPD)

[OldAIMGuy]

Hi U, re: EPD Long haul...................

It's been good to me so far. I only started with EPD in December of 2018 at a price of $26.24. Maybe not my best entry but certainly not my worst. I've had one sale early on (10% of shares sold at $29.38). There have been several purchases ($22.65, $13.47, $17.60 and $16.79) since that sale. I also captured a quick turn on the cheapest shares selling 10% of inventory at $19.25.

The band width for my trading is pretty wide. My "next buy" target is currently $14.42 and the sell target is 24.93. Excluding dividends the holding is profitable even though the share price is still under my original 2018 buy.

Call it 'trading around the core' for lack of a simpler explanation. I like to average down in share price (while averaging up in effective yield) and then harvesting some profits to refund cash for future buying. The sale, should my GTC Limit fill, will be at a FIFO loss but a LIFO gain of ~48%. None of that really matters as EPD is held in my retirement account.

Best wishes,
OAG Tom