Enterprise Products Partners in 7.5M-unit public offering


Enterprise Products Partners (EPD) -2.3% AH after announcing plans for a public offering of 7.5M common units.

EPD plans to use the proceeds toward paying down debt and for general partnership purposes.

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Comments (4)
  • Bobco23
    , contributor
    Comments (221) | Send Message
     
    Interesting. .8% more shares.
    Stock down 2.25% afterhours.
    Overreaction?
    4 Nov 2013, 04:52 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (3752) | Send Message
     
    If the pps trades 2% lower or more tomorrow, it's a buying oppt imo.
    4 Nov 2013, 11:00 PM Reply Like
  • Clayton Rulli
    , contributor
    Comments (3236) | Send Message
     
    Even EPD, which has a very high DCR, doesn't shy from issuances to fund growth... http://seekingalpha.co...
    5 Nov 2013, 06:53 AM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (3752) | Send Message
     
    Yes, and they know how and when to do it, too.
    6 Nov 2013, 02:48 AM Reply Like
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