Morning Sergio, since many here own EPD they're most likely well aware of the liquid rich ng focus the company has embarked on and the vast amounts of ethane they will be sending to thier storage facilities. Following that flow of ethane downstream as a cheap(relative to oil derived naptha) feed stock and weighing where I feel we are in sector rotation/economic cycle, I've decided to buy some old stodgy Dow Chemical. Some may say-no growth, shakey dividend..etc.-analyst's estimates have come down a lot (along with DD's), but I believe for the next few years it might be a solid performer, with a possible divy bump. It is up against resistance on the charts and has outperformed it's sector, so very well could be overbought here but I'm up for a starting position. Opinions appreciated as always. ditch
markets.ft.com
" Shale Gas: A renaissance in US manufacturing, a report by PriceWaterhouseCoopers, published in December 2011 projects a litany of associated benefits for the U.S. economy. Chief among them: greater energy affordability for industry (reducing fuel costs by as much as $11.6 billion annually through 2025), higher product demand (with evidence showing how shale gas developments have driven demand for industrial products) and, amazingly in the current downturn, around 1 million new jobs through 2025.
By the end of 2011, shale gas was directly starting to affect the markets as lower gas prices began translating into economic industrial growth; the U.S. petro-chemical industry being a significant beneficiary including the announcement of new plants Dow Chemical (two plants), Royal Dutch Shell and Norcor."
energytribune.com
"Jim Fitterling, an executive vice president at DOW Chemical Co., said the U.S. now has the lowest cost for natural gas outside of the Middle East. The cheap gas makes the U.S. "dramatically more competitive" as a place to produce petrochemicals used in plastics and a variety of other products. As a r esult, DOW plans to build two new CHEMICAL plants near the U.S. Gulf coast and upgrade or reactivate others as part of a planned investment of $4 billion over the next six years. Some of the chemicals will be exported to Latin America. "
online.wsj.com
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