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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (38955)	10/13/2010 3:37:54 PM
From: Paul Senior	Read Replies (2) of 78845

EPD. I'll average up on my position with a few more shares. This lp is very expensive (ref: Spekulatius comments here), and the stock has now surpassed at least one analyst's target goal; the distribution yield is now low at 5.5%. If I understand correctly, some oil people believe Eagle Ford will be VERY prolific given the new drilling techniques. (We have the Chinese as the latest believers as they now come in to partner up with Chesapeake to spend $Billions in the Eagle Ford .) The way I look at it is that EPD ranges over the e&p companies that will be involved the Texas Eagle Ford oil/gas play. EPD with its pipelines, processing and storage facilities, is going to profit regardless of which e&p companies pull the oil/gas here. It seems to me that EPD is almost guaranteed to do very well here, and for that (assuming I'm correct), I am willing to pay up for my shares now. Over the next few years, EPD stock "should" rise and the shareholder distributions "should" increase.

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