Buying EPD @ $17.64
2% position
Enterprise Products Partners is like the OG of MLPs. They have always been ahead of the curve. They bought in their GP before it was cool. And have a long history of providing great distributions to unitholders.
EPD is like KMI in a lot of ways - but better. You see, EPD controls the hub of the pipeline system. Where oil and gas comes off of the big, long pipes and is re-routed to other pipes. It's the interchange of the pipeline system.
That means, EPD doesn't rely on any one oilfield to keep pumping oil to justify their huge pipe. They are a true proxy for national production.
*Obviously, this is a bit of a simplification for illustrative purposes - but it's directionally correct.*
EPD pays a 10% distribution yield today.
MLPs are different from stocks for tax reporting purposes. They require you to file a K-1 since it's a partnership. So be aware of that complication before buying.
2% position
Enterprise Products Partners is like the OG of MLPs. They have always been ahead of the curve. They bought in their GP before it was cool. And have a long history of providing great distributions to unitholders.
EPD is like KMI in a lot of ways - but better. You see, EPD controls the hub of the pipeline system. Where oil and gas comes off of the big, long pipes and is re-routed to other pipes. It's the interchange of the pipeline system.
That means, EPD doesn't rely on any one oilfield to keep pumping oil to justify their huge pipe. They are a true proxy for national production.
*Obviously, this is a bit of a simplification for illustrative purposes - but it's directionally correct.*
EPD pays a 10% distribution yield today.
MLPs are different from stocks for tax reporting purposes. They require you to file a K-1 since it's a partnership. So be aware of that complication before buying.
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