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Energy Transfer Partners L.P. representing limited partner interests
We first got bullish on Energy Transfer Partners LP. (ETP) in October 2017 with the stock trading close to $18. As is often the case, buying at the exact bottom is next to impossible and we got a big selloff post the March FERC decision, where we doubled down strongly at $16.
Key catalyst for the rapid rally since August
ETP was proposed to be acquired by its general partner Energy Transfer Equity LP. (ETE) in early August. We had previously speculated that ETE would extract a good pound