The Panic-Proof Portfolio (Stockchase Research)Enterprise Products Partners L PEPDPAST TOP PICKNov 21, 2024

Our PAST TOP PICK with EPD has triggered its stop at $31.50.  To remain disciplined, we recommend covering the position at this time.  This will result in a net investment gain of 19%, when combined with our previous guidance.    

Our PAST TOP PICK with EPD is progressing well.  To remain disciplined, we recommend trailing up the stop (from $28.50) to $31.50 at this time.  

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Our PAST TOP PICK with EPD is progressing well.  To remain disciplined, we recommend trailing up the stop (from $24) to $27 at this time.  

We again reiterate EPD, a US energy infrastructure giant, as a TOP PICK.  Recently reported earnings beat expectations as quarterly revenues grew by 14% as volumes transported rose and margins expanded.  It trades at 11x earnings, 2.1x book and supports a 20% ROE.  We recommend maintaining the stop at $24, looking to achieve $32 -- 20% potential upside.  Yield 7.6%  

As the company once again increased its dividend for the 24th consecutive year, we again reiterate this US energy infrastructure giant as a TOP PICK.  It pays a great dividend, is retiring debt aggressively, while still growing cash reserves.  It trades at 11x earnings, 2.2x book and supports a 19% ROE.  We recommend maintaining the stop at $24, looking to achieve $32 -- 18% potential upside.  Yield 7.3%  

We reiterate EPD as a TOP PICK.  Cash flow per unit is growing by 15%, while debt is aggressively retired.  It has over $6 billion in project back logs.  Its excellent dividend is backed by a payout ratio under 80% of cash flow.  We continue to recommend a stop at $24, looking to achieve $32 -- upside potential of 20%.  Yield 7.6%  

EPD recently closed on a $3.3 billion acquisition of a large midstream energy processing company, allowing it to grow its status in the prolific Midland basin.  It put $2.5 billion of project expansions into play this year and still has over $4 billion in backlog.  It trades at 11x earnings and 2.1x book, while supporting a 20% ROE.  Quarterly results showed cash reserves holding while debt was aggressively retired.  It pays a great dividend backed by a payout ratio under 80% of cash flow.  We recommend placing a stop loss at $24, looking to achieve $32 -- upside potential of 18%.  Yield 7.4%