EFTA01378310Set 10
2015-11-021p441w
Trade Idea:
Buy Energy Transfer Partners10-year bonds
Investment Rationale:
- Our view on ETP is based on the recent acquisitions to improve the business risk profile and the additional cash ... transaction will have no
ratings impact on the MLPs has credibility.
- ETE (GP of ETP) officially announced that is reached an agreement to acquire ... enterprise value), behind ExxonMobil, PetroChina, Shell and Chevron.
- From a relative value perspective, ETP bonds appear to be quoted about 30 bps wider on the news. However, most MLPs
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01378310.pdf