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ET - Master Limited Partnerships - Fallen Angels Or Stagnant Stars?
Energy Transfer LP
A Little History
I "discovered" MLPs just after the turn of this century when I became intrigued with Teppco, one of the quality midstream companies. A while after I purchased a position, Enterprise Products Partners (EPD) came along and acquired the company - at a decent premium to the unit price (not at all like today's M&A MLP activity).
That was the time that I decided to dig into these "MLPs" to figure out what they actually did, how they operated and, more importantly, to determine if I should expand my holdings in