High forward P/E, "in-line" earnings report may give a good buying opportunity. Neither long or short yet, but 5 day trend, close to 52 week high would suggest this could be a VERY good earnings report (and I'd be moving on...). Also, plans articulated for Sunoco/Susser integration and spin-off could be a catalyst, and brings upgrades.
1st looks like a solid quarter (beat top line & bottom line). 12.2 Billion in Revenues, .76 EPS and 1.36x coverage ratio. I think it will be a good conf. call tomorrow - ETP's future is bright with plenty of growth.