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OilStockReport

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OilStockReport

Re: ChitForBrains post# 56

Wednesday, 06/01/2011 7:09:54 PM

Wednesday, June 01, 2011 7:09:54 PM

Post# of 65
Any thoughts on the EP split?


Shares in El Paso Corp (EP) were up Tuesday after the company announced plans to split the company into two separate companies. The firm will spin out its exploration and production (E&P) by the end of 2011, keeping the pipeline business, midstream business, General Partner of El Paso Pipeline Partners (EPB) as well as the limited partner interest in EPB. The move to diversify follows a similar decision made by The Williams Companies (WMB) in February to split up the business units into two companies.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @TurnKeyOil.

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