Lots of news from Teppco. First off the distribution for the quarter is .675 which is unchanged from the last couple of quarters. And they also announced a new CFO and he is another graduate from the Enterprise Product Partners (EPD) school. Mr Duncan is circling the wagons!
LIN Energy (LINE) is trading at 22.90 +1.90 from the IPO price of 21. Kinder Morgan +65 cents looks like the biggest winner today...most MLPS are sideways to higher...those that are lower are only down by pennies.
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About Me
- joewxman
- a meteorologist with a knack for trading and investing in MLPS! I also like horse racing, enjoy cigars and a good port wine.
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3 comments:
Mr. Joe,
Someone posted on the TPP board that he expected a 3 EPD/2 TPP swap which, if it came to pass, would give TPP holders a $37.50/38 price buyout. Certainly NOT the kind of deal previously discussed.
Your take?
Carlos
When duncan bought Gulfterra there was no premimum at all...if i remeber correctly it was around 40 bucks in the stock swap. My guess is it might be around the same price for teppco.
Duncan does not pay above market price....that said if its 3 for 2 and the market likes the deal it could increase the value of EPD to 27 ish and that brings Teppco to 41.
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