Richard Vanden Boogard, Associate at Jacobson & Schmitt Advisors, says Enterprise Products Partners L.P. (EPD) is focused on generating returns on its investments and is a strong play on the U.S. energy theme.
“What we like about Enterprise is that they’re pretty laser-focused on generating returns when they invest, number one. Number two, they seem, from our vantage point, that they are very focused on the people they have inside the company and their employees, and they recognize that their employees are very important to the success of the firm,” Vanden Boogard said.
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Vanden Boogard says Enterprise Products has grown significantly over the years, and as the U.S. position in energy solidifies, EPD is in a strong position to keep generating returns.
“Because they have long-term contracts and tend to have a — it’s hard to say a guaranteed rate of return, but a much more known rate of return when they invest, that markets will reward them for investing heavily. We think there’s a long runway for Enterprise as this infrastructure, this energy infrastructure in the United States is built out,” Vanden Boogard said.
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