MLPs generate excitement

Teppco (TPP) officially rejected the takeover bid by Enterprise Products (EPD). This is probably the first takeover involving MLPs. The excitement, especially with the rejection, will generate a lot of interest, probably boosting prices for all MLPs in the coming days. TPP was up $1.64 (6%) during regular trading, but no trades after the markets closed.

• UPDATE - Teppco Partners rejects $2.75 bln Enterprise bidat Reuters(Wed 4:39pm)

Constellation Energy Partners (CEP) is scheduling their Q1 earnings call for Fri, May 8. They are a small MLP which slashed the distribution to 52¢ (annualized) in Q1. The units sell in the high 2s, yielding almost 20% on the reduced distribution. Venturesome investors might want to check our what they have to say.

• Constellation Energy Partners Schedules Conference Call to Report First Quarter ResultsBusiness Wire(Wed 5:00pm)