MERGER MONDAY AS
ENTERPRISE BUYS TEPPCO!

The deal was put on the table awhile ago but now its final and Teppco holders will get 1.24 shares of Enterprise (EPD) which gives us a closing price of around 31 bucks for Teppco holders based on Friday's close.



The combination makes this the largestpublically traded partnership out there. We have been hearing for months about consolidation in the group and we'll see if this lights a fire underneath some mlps today. But it is a boost of confidence to see this happen. Enterprise GP (EPE) will be getting 1.3 million shares of EPD in order to keep the 2% GP stake.

Also in the news this morning we have Breitburn (BBEP) re hedging their holdings and monetizing some of them and using the money to reduce their debt. They are also adding additional hedges.

This morning we have stock futures up a little. Energy flat to a little higher as well. Looks like we are going to have an up open to get things started on this holiday shortened week.

Finally we have the march to greatness this weekend!



When a horse takes out Ruffians stakes record you have to sit up and take notice.