In this video, Motley Fool energy analyst Joel South takes a look at Enterprise Products Partners (NYSE: EPD). This master limited partnership is incredibly well integrated into every step of its industry, with 50,000 miles of pipeline on top of its production, storage, and refining capabilities, which makes customer loyalty very high because of the fees customers avoid by staying with Enterprise Products throughout the entire process. That means a strong competitive moat, and customer value at every step along the chain. He also likes that there is no general partner for this MLP, only the shareholders as limited partners, and the company pays a nice dividend, with a 5.1% yield.