Arb, I own both ETP and ETE, much more ETP. Want to buy more, which is the best buy to hold for the next few years. MS has ETE distributing $4.11 in '15, ETP paying $4.40. Seems ETE should appreciate more. Looks like both should do fairly well with the acquisitions.
The time frame is the decision maker here. As I said before ETE has given deferrals for about $300M in IDRs over the coming three years. Thus to hold less than 4 years buy ETP, over 4 years buy ETE. And for a shorter term play buy RGP as its yield is good, it has made absolutely no move and will be bought out at a slight premium by ETP before the end of 2013.
I still in looking over all of the calls and info from ETP that ETP and ETE are going to get merged somehow and sooner ratehr than later. I have absolutely no clue where SXL fits in to the mix but it is a bit overpriced IMO right now.