epd has outperformed the s&p, nasd, and dow strongly the last 5 years.... look at the chart, check the pps outperformance, then factor in the divi... management is doing their job... strong buy and hold
The type of assets that EPD owns are long life high capital to build type of assets. These are exactly the sort of assets that Chevon and Mobil etc. are dropping down and selling off because the return is higher potentially in drilling and production.
A merger or buyout of another MLP with EPD is almost impossible today. Antitrust issues would come up if any of the acquisition were in the following states: TX. OK, AR, CO, WY, UT, KS, and a bunch of others. EPD has built a network in the West that today could not be put together because of antitrust.
ETP would be very anticompetitive in Texas except for propane and that division is where many of ETPs problems lie. EPD has also shown it is not interested by declaring they will be selling the remained of their ETE units (the GP of Regency and ETP).
Probably important to note that acquisitions today are mostly either drpodowns by a parent company or organic construction. Buying of existing assets has become too expensive.