However, investors might be comforted that the stock has delivered higher total returns than the S&P 500 over the last three-year and five-year periods as well as since Ares Capital's IPO in 2004. Enterprise Products Partners' fortunes don't hinge on oil and gas prices because of its business model built around pipelines and other midstream assets. The good news for investors, though, is that the prospects for a solid economy in 2024 appear to be relatively bright with inflation moderating, manageable unemployment levels, and the potential for interest rate cuts by the Federal Reserve.