Whilst one is often guessing as to why share prices rise and...

Whilst one is often guessing as to why share prices rise and fall my understanding of EPX's share price increase is as follows:

(a) Interest is paid out of earnings. This quarter interest (annualised) was 8.26% a significant portion of which is tax deferred.

(b) Costs have gone down therefore interest payable has gone up.

(c) Payments against a 20 million dollar loan have reduced the potential interest payable but this loan will be fully repaid by the end of 2012. Payment of the loan will also result in other savings. Result:- more interest will be paid to holders.

(d) Pipeline is the sole supplier of ethane to the plastics manufacturer Qenos which has indicated current required volumes will be maintained to 2014.

In summary this Company pays good interest in these uncertain times but given the prospects of even better interest after 2012 maybe people are getting in early before the securities price skyrockets!