Posts for Ticker ‘DEP’

Duncan Energy & Enterprise Swap Cash for Assets (DEP, EPD)

Duncan Energy Partners L.P. (NYSE:DEP) announced yesterday that it had purchased limited partnership interests in several midstream assets belonging to Enterprise Products Partners L.P. (NYSE:EPD). These two companies have more in common than just anagrammatic stock tickers. The general partner of Duncan Energy is wholly-owned by Enterprise, so the exchange of $730 million in Duncan cash for shares in some Enterprise assets in the state of Texas resembles a bookkeeping entry.

Read More »

Posted on: December 9, 2008 – 9:49 am in Mergers and Buy Outs, Oil & Gas, ,