Jim Cramer on Enterprise Products Partners: “This Is a Pipeline Company That I Think in Many Ways Is the Best Run of All of Them”

Enterprise Products Partners LP (NYSE:EPD) is one of the stocks highlighted in Jim Cramer’s latest Mad Money recap as he provided top stock insights. Cramer was bullish on the stock and explained why. The Mad Money host commented:

Along the same lines, there’s another one that I talk about in How to Make Money in Any Market, and that’s Enterprise Products Partners, EPD. This is a pipeline company that I think in many ways is the best run of all of them. Let’s start with the dividend. It sports a 5.9% yield. It’s a company that’s been public for over a quarter a century, but is still one of the most underfollowed names in the oil and gas industry. Every time I mention it to people, they scribble it down, they’ve never heard of it. Enterprise Products is not a primary LNG exporter, but it is a critical feed gas and liquids infrastructure provider, and it’s always been a leader in building new plants. This is the company that owns a huge amount of the pipes, plants, processing, and a word called fractionation.

They split up the oil into different pieces that help feed the nat gas exports system. So what do you think of Enterprise Products Partners as an arms dealer to the entire gas and liquids ecosystem? LNG itself is only a fraction of its more than $50 billion revenue base. But if North America’s going to send more energy to the world, Enterprise benefits from the build-out underneath it. This is another safe income-generating growth stock with a strong long-term catalyst. Enterprise is the indirect high-quality income play on the broader North American gas system that feeds the export boom.

Stock market data. Photo by Photo by Alesia Kozik

Enterprise Products Partners LP (NYSE:EPD) provides midstream energy services, including the transportation, storage, processing, and marketing of natural gas, crude oil, natural gas liquids, and refined products.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.