Liz I can't see your eeplies to me...Here is a good reason why MS may be wanting to sell TLP...KMP would be the the natural buyer
On Friday...in fact the senate is meeting on Tuesday... then the fed is meeting to decide whether to allow banks including Morgan Stanley ( Morgan Stanley) and JPMorgan ( JPMorgan Chase & Co.) to continue owning assets like oil storage tanks or power plants, etc
It's on CNN and the WSJ on Bloomberg look for this article..."Fed Reviews Rule on Big Banks’ Commodity Trades After Complaints"
From article titled: "JPMorgan Faces "Hard Sell"
"For more than a year, Morgan Stanley has tried, in vain, to sell its vast oil pipeline and terminals business TransMontaigne. It faces a September deadline from the Federal Reserve for a make-or-break decision over whether it will be able to keep the operation."
"While the Fed has been debating for years whether to allow banks including Morgan Stanley ( Morgan Stanley) and JPMorgan ( JPMorgan Chase & Co.) to continue owning assets like oil storage tanks or power plants, Friday's surprise statement suggests it is also reconsidering whether all bank holding firms should be able to trade raw materials such as gasoline tankers and coffee beans.
Both Goldman Sachs and JPMorgan have explored selling their warehouse businesses they bought in 2010 in recent months, although it is not clear if that is because of increased regulatory pressure." hmmmmmmmmmm