The Sunoco - ETP Story "Explained" -- November 25, 2016

From FuelFix, the data points:

• ETP is the principal owner of DAPL; 85% complete; mired in ObamaDelays
• proposed Sunoco - ETP merger will not be impacted by the project
• Warren will become the CEO of the merged pipeline business
• ETP previously acquired Sunoco in 2020; $5 billion deal; but ETP/Sunoco kept as separate businesses -- now simply combined
• Sunoco is ETP's fourth publicly traded business
• Sunoco will remain EPT's gas station and convenience store wing
• ETP president/COO Mackie McCrea will become CCO of the merged Sunoco Logistics entityunder Warren

As the reader who sent me this link, the Sunoco-ETP merger is simply re-arranging the pieces on the chess board. I guess combining one knight and one bishop into a queen.

I noted that Trump / Pence are working to keep Carrier in Indiana and not moving the workforce to Mexico. Okaying the DAPL pipeline once Trump / Pence are in office will be a cakewalk compared to getting Carrier to stay in Indiana.

The Standing Rock Reservation might want to start negotiating in good faith with DAPL to get best deal possible; after January 20, the game changes.

For the archives:

• ETP
• ETP: November 1, 2016 - $34.68
• ETP: November 25, 2016 - $35.34
• EPT: 52-week range: 18.62 - 43.50
• ETP: dividend yield - 11.99%
• SUN
• SUN: November 1, 2016 - $28.46
• SUN: November 25, 2016 - $21.80
• SUN: 52-week range: 21.01 - 40.06
• SUN: dividend yield - about 15% annualized November 1, 2016
• ETE
• ETE: November 1, 2016 - $14.68
• ETE: November 25, 2016 - $17.30
• ETE: 52-week range: 4.00 - 19.99- 
• ETE: dividend yield - 6.49%

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Thanksgiving Leftovers

I think I mentioned the other day that I always keep pasta in the refrigerator -- perfect for one or two people when it is said that it difficult to cook for one. Not true.

So, today, when I saw the left-over ham our daughter gave us after yesterday's Thanksgiving dinner, I thought of the perfect place for a few pieces of the Honey-Baked Ham: