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Wednesday, 09/14/2022 1:39:01 PM

Wednesday, September 14, 2022 1:39:01 PM

Post# of 870
Enterprise Products Partners is going up steadily, and when you look at the horizon, many things could happen that would likely drive the price even higher. If a single Hurricane were to enter the Gulf Of Mexico, and approach the United States coast, I suspect share price would jump considerably. Also, a cold winter in Europe would make natural gas go higher. Of course, a nuclear deal with Iran would put much more oil and gas on the market, and that is a negative. Also, the United States and the rest of the world may enter a full scale recession that might last for years and that too could drive prices lower. Inflation, on the other hand, drives prices higher.

In my opinion, the world will need oil and gas for many years to come, and that bodes well for EPD investors. The good thing is we are paid a nice dividend every single quarter while we wait, and that reduces our cost average every single quarter. If one reinvests those dividends, the return is even higher. This means EPD is a relatively safe way to invest and build personal wealth, or a great way to supplement one's income tax free every single quarter.
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