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Strategies & Market Trends : Value Investing
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From: E_K_S9/11/2012 10:03:06 AM
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El Paso Pipeline Partners, L.P. (EPB) - Initial Buy

El Paso Pipeline Partners LP (EPB) has commenced an offering of 7.1 million units representing limited partner interests. The limited partnership had 207.6 million common units outstanding as of July 26. Shares were off 4.2% to $34 after hours

From seeking Alpha on EPB:

Better News For El Paso Pipeline Partners Concerning Dividend Growth
El Paso Pipeline Partners LP (EPB) might become the forgotten step-child to Kinder's own Kinder Morgan Energy Partners LP (KMP). During the research for my recent article on KMP, I was pleased to find evidence that I had been wrong back in June. Shareholders in El Paso Pipeline Partners should be more pleased.
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Started a position in EPB at the secondary offering price. Some good assets w/ growth potential in NG pipeline and LNG processing. I has owned EP for a long time after KMI bought them. I took KMI stock, warrants and cash. Today's buy basically allows me to put that cash back into those EPB assets. The dividend yield is currently at 6.4% and the seeking Alpha article makes a good argument for
Increased value points for EPB include cost savings from being integrated into the Kinder Morgan system, organic growth prospects and the receipt of drop down assets from KMI.
EKS
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