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pete807

01/12/23 8:45 AM

#793 RE: chessmaster315 #792

I flipped some and will buy them back. Core 80% will go to heirs and be stepped up basis as mine are free but booked at half the share price. Free from 20+ years of capital returned as a limited partner and tax sheltered. Any lots that survive a year become core.

Why does the price go up and down several dollars between the distributions?

The reason is over 1200 institutions are moving in and out to justify the fees they charge their clients. Research will show it goes with the money flow.

Channel traders are taught to ignore everything except the channel and sell the top (short if you don't own) and buy the bottom. Huge float means there are always share somewhere to "borrow", plus MMs can naked short.

I have followed EPD for over 20 years and 30+ years ago my old man explain why he like Dan Duncan the founder. Great leader and responsible steward of our money.
24 years of never dropping the dividend. Best run energy company on the planet IMHO. even in renewables.

Sleep well!,
-pete