EPD通过通行费式收费提供稳定的5.8%收益率；目前略微低估，但更倾向于回调后入场。
逐段跳播
好的。接下来这家公司实际上属于能源行业。我对此有点犹豫，因为在 investors grow 网站上，当你转到板块标签时，我们可以看到这张图表。这是今年迄今为止各板块表现的图表。
中间紫色的柱状图是标普 500 指数。甚至不在中间。标普 500 指数。任何在其右侧的都是表现不佳的。在其左侧的都是跑赢标普 500 指数的。你可以看到目前表现最好的行业是能源，原因可能很明显。
但这家公司，即 Enterprise Product Partners，是一家中游公司。
Okay. Now, the next company's actually in the energy industry. So, I hesitated on this one a bit because on the investors grow website, when you go over to the sectors tab here, well, here we can see this chart. This is a chart year-to- date of the performance of each sector. The purple bar in the middle, that's the S&P 500. Not even in the middle. S&P 500. Anything to the right of that is underperforming. Everything to the left of that is outperforming the S&P 500. You can see right now the best performing industry is energy for probably very obvious reasons. But this company, which is Enterprise Product Partners, is a midstream company.
在能源行业，实际上有三个不同的子行业。上游是那些从地下开采石油和天然气的公司；中游是运输和储存石油和天然气的公司；下游是精炼和销售的公司。这是一家中游公司。
So in the energy industry, there's actually three different call it sectors or subsectors within the energy industry. Upstream, these are the companies that pull oil and gas out of the ground. mid-stream companies that ship it and store it, downstream companies that refine it and sell it. This is a midstream company.
这样做的好处是，它们不一定……它们收取费用，你可以把它们想象成收费站收费员。它们为运输石油和天然气、运输天然气或储存天然气收取费用。如果它们有储存设施，储存也会收费。所以，这是一个更可预测的业务。
Now, the advantage to that is they don't necess they get paid fees that you could think of them like toll booth collectors. They collect uh they collect fees for moving oil and gas for moving you know natural gas or from you know storing it. If they were to they have storage facilities if they store it they charge a fee for it. So, it's a far more predictable business.
最终你会得到这样的股息收益率。我们得到 5.8% 的股息收益率。它已经稳步增长了一段时间。这是一个相当稳定的股息收益率，因为对于这类公司，它往往更可预测一些。
And what you end up with is a dividend yield that looks like this. We get a 5.8% dividend yield. It's been steadily growing for a while. It's a fairly consistent dividend yield because again with this type of companies, it it tends to be a bit more predictable,
特别是当你想到，如果我们快速看一下油价，过去几个月油价由于明显的原因一直波动很大。但只要它们还在运输石油，还在运输石油，尤其是在北美，这是这里重要的部分。我不是说霍尔木兹海峡的运输，而是说在北美内部的运输，这家公司应该会表现不错。
especially when you think about, you know, if we jump over real quick and just look at a price of oil. Well, oil over the past few months, again, for obvious reasons, has been all over the place. But as long as they're still moving oil, as long as they're still shipping oil, especially in North America, which is the important part here. I'm not talking about the straight of Hermuz moving it. I'm talking about moving it around North America, this company should do fairly well.
我们可以看到这只股票在过去一年里上涨了一些。所以，我希望它能稍微回落一点。这家公司目前有很多正在进行的项目。它们有大约 65 亿美元的项目正在进行中，以尝试扩展业务并改善整体业务。所以，我们可以称之为存在一些执行风险。
Now, we can see that this stock is up a bit over the past year. So, I would like to see it pull back just a little bit. Now, this company does have a lot of projects that they're working on right now. They get about $6.5 billion in projects that they've been working on to try to expand what they're doing and try to improve their overall business. So, there's some execution risk with that we could call it.
但总的来说，我认为这是一家真正有趣的公司，是投资能源行业的一个真正有趣的方式，即使油价保持高度波动，但如果我们想参与一家股息收益率超过 5% 的公司，这家公司可能会很有趣。
But overall, I think that this is a real interesting company, a real interesting way to go after the energy industry that even if oil prices stay super volatile, but we want to get involved with a company that again has a dividend yield of over 5%, this one could be interesting.
当我们查看贴现自由现金流时，这对这类公司可能适用，我们可以看到未来十年，它并不是非常低估，但略微低估。所以，这可能是一个值得研究的有趣对象。希望我们能等到回调。
Now, when we jump over and look at discounted free cash flow, which could work for this type of company, we can see going out the next decade, it's not very undervalued, but it is a hair undervalued. So, this might be an interesting one to do some research on. Hopefully, we can get a pullback.
他说在等什么
这个频道对 $EPD 的历次判断
Learn to Invest - Investors Grow 在这只股票上只有这一条判断。