EPD

It is a solid pipeline. I believe a lot of the tailwinds in terms of operational results and also share price come from the fact it is primarily focused on natural gas and LNG.

I would rank it right up there with our midstream players like Enbridge, TC, Pembina etc. The only thing I'd be a bit concerned with at this point in time is valuations. The company is trading at double digit premiums to historical averages. On the flip side, it is really hard to find a company that is not "expensive" at this point in time as the markets continue to hit new highs.

Another additional thing here is the fact the company is a master limited partnership. Their distributions can potentially be varied forms of income, and they're a bit more complicated entities than a single pipeline company.