Mar. 9 at 9:31 PM
$EPD This stock has been moving up at a solid pace this past year, but it's still cheap compare to cash flow. Using a 2 stge free cash flow to equity approach, the
$4.1 B of free cash over the last 12 months and projected increase to
$7.7 B in 2030 gives you an estimated intrinsic value of
$86/sh folks. That means we're still trading at a 56.5% didscount and getting paid a solid 6% divi while we hold. It doesn't get much better than this.
The world needs more energy, and EPD is ready to deliver it. This is my second largest position behind only
$ARWR for these reasons.
