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Enterprise Products Partners (EPD) -2.8% premarket after announcing a public offering of 8M...

Enterprise Products Partners (EPD) -2.8% premarket after announcing a public offering of 8M common units representing limited partner interests at $53.07/unit. The oil and gas pipeline operator plans to use net proceeds to reduce borrowings and for general partnership purposes.
Comments (5)
  • Clayton Rulli
    , contributor
    Comments (2341) | Send Message
     
    My math came up with about 1% dillution... anyone?
    25 Sep 2012, 09:34 AM Reply Like
  • elliot_mllr
    , contributor
    Comments (1118) | Send Message
     
    Math is irrelevant to idiot traders. Even if the funds will be used in accretive acquisitions--as they always have by EPD-- traders sell first and think second.
    Elliot Miller
    25 Sep 2012, 01:34 PM Reply Like
  • chyten
    , contributor
    Comments (195) | Send Message
     
    If history is any guide, this transaction will be accretive as EPD will invest in other projects that will result in substantially increased cash flow and profits.
    25 Sep 2012, 12:16 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2428) | Send Message
     
    I think this means they're planning something new. They havent come to market that often recently. Keep an eye on this one.
    25 Sep 2012, 02:12 PM Reply Like
  • LoachDriver
    , contributor
    Comments (80) | Send Message
     
    Having held units of EPD for a number of years, since brfore its founder, Dan Duncan, died, I've been quite pleased with it. I'm fully confident it's a good & safe place to invrest.

     

    In fact, it's my single largest holding. Even so, I won't add to it at these lofty prices, ($53+); it'll need to fall by 50% or so before I put new money into it.

     

    But take my assessment with caution, I'm not a professional investor; my portfolio amounts to only 659K
    25 Sep 2012, 03:07 PM Reply Like
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