Enterprise Product Partners (EPD) NYSE - Purchased on 8/5/04 for $20.29.
Enterprise Products Partners L.P. (Enterprise) is a midstream energy company serving producers and consumers of natural gas and natural gas liquids (NGLs). The Company conducts all of its business through its wholly owned subsidiary, Enterprise Products Operating L.P. and its subsidiaries and joint ventures. The Company has five business segments: Pipelines, Fractionation, Processing, Octane Enhancement and Other. Pipelines consists of NGL, petrochemical and natural gas pipeline systems, storage and import/export terminal services. Fractionation primarily includes NGL fractionation, isomerization and propylene fractionation. Processing includes Enterprise's natural gas processing business and related NGL marketing activities. Octane Enhancement represents the Company's investment in a facility that produces motor gasoline additives to enhance octane. The Other business segment consists of fee-based marketing services and various operational support activities.
Most people buy MLPs for the yield and long term prospects. MLPs aren't good trading vehicles becuase they aren't very volatile and because of their high dividends/distributions it's very expensive to maintain a short position.
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