Another Natural Gas play about to break out?With Russian gas getting more and more unpredictable for western Europe and the Trump administration wanting the US to export more oil and gas, natural gas plays are becoming a hot spot in the market.
Buying here (around 33.50) and will take some profits somewhere around 36 and change and let the rest ride with a 200bp trailing stop.
Div yield: 6.5%
Enterprise Products Partners LP operates as holding company, which engages in the production and trade of natural gas and petrochemicals. It operates through the following segments: NGL Pipelines & Services, Crude Oil Pipelines & Services, Natural Gas Pipelines & Services, and Petrochemical & Refined Products Services. The NGL Pipelines & Services segment manages a natural gas processing facility and a related gathering system. The Crude Oil Pipelines & Services segment owns a crude oil pipeline system. The Natural Gas Pipelines & Services segment stores and transports natural gas. The Petrochemical & Refined Products Services segment offers propylene fractionation, butane isomerization complex, octane enhancement, and refined products. The company was founded by Dan L. Duncan in April 1998 and is headquartered in Houston, TX.
This is not investment advice, I'm just a village idiot that likes to think out loud.