adbrite ads

Your Ad Here
Your Ad Here

tickers

$IN

amazon

Saturday, December 31, 2005

Decided to interrupt my weekend thanks to Teppco and its news that came out at 7:15pm Friday. Why not wait until the ball dropped in Times Square but they sure picked a time when everyone was of course long gone and we can sit here for three days speculating.

Its the general view among many on the message boards that Teppco will be taken over by Dan Duncan and folded into Enterprise Products Partners (EDP). Check out these slew of messages on the yahoo board for Teppco for other opninons. No one seems to be discussing this on the Enterprise board . I planted a seed there so lets see what it yields.

One could say that the appointment of an "acting" CEO could be a sign since recent other corporate moves involved moving EPD people into the Teppco heirarchy. Folding Teppco into Enterprise probably makes sense for Duncan. I'll be curious to see market reaction to this on Tuesday morning. If there were a takeover please remember that Enterprise's takeover of Gulfterra was done at almost no premium to the trading price. If this merger were to occur my guess is a stock swap and i am dreaming of 1.67 -1.75 shares of Enterprise for each Teppco share ($40-42 bucks).

Of course this could all be one big fantasy here but as always....food for thought.


No comments: