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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (45255)11/1/2011 12:36:55 PM
From: E_K_S  Read Replies (2) of 78625
 
Enbridge Energy Management LLC (EEQ)

FWIW - Clownbuck (aka Spektaculas) recommended this stock Dec 2008 around $9.00/share. I bought a position in the IRA and in the taxable account. Stock has since split 2:1 4/2011. I sold the shares in my taxable account 8/2010 (pre split) for $53.00/share and kept my shares in the IRA.

I have the dividend reinvested in shares.

Thanks to Clownbuck, this has been one of the best performers since my purchase in 12/2008, almost a 4 bagger with excellent future prospects.

DCP Midstream Partners LP (DPM) is another Midstream operator I own in the IRA. Bought this one (I believe from your recommendation) on 2/3/2010. Up over 43%. I have distributions paid in cash.

By far, EEQ is an excellent way to hold a Midstream operator in an IRA as it is NOT an MLP but tracks the EEP MLP quite well.

EKS
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