With EPD trading at a substantial discount to ETP and WMB based on Market Cap/Sales ratio, good to see some life come back into EPD. EPD would be trading at least 50% higher based on peer valuations and perhaps someone is looking at it as a buyout candidate. SUG was purchased at a significant premium.
EPD's market cap is less than 1 times Sales, while ETP, WMB and SUG trade with ratios of 1.5 to 2. EPD's assets are very attractive and their profitability and dividend growth is first class. Heck, with a market cap to Sales ratio of 1.5, EPD would be trading at $60+. I hope WMB still has an appetite to buyout its competition and looks at EPD to steal quality assets on the cheap