Also own SPH and holding both for the very reasons you mentioned. I could add that SPH may take some time to integrate the NRGY purchase as these changes usually bring problems. SPH had a similar problem many years ago when they bought (Agway?). It took them a few years to straighten out, but their share values went from 18 to 55, along with increased dividends. Not bad I say. Hope they don't repeat the same mistakes.