El Paso Pipeline Partners is one of these opportunities. In late May, S&P upgraded El Paso to BBB- from BB, lifting it to investment grade. The upgrade was a consequence of its recent acquisition by Kinder Morgan, which paid $38 billion for the company.
El Paso now has greater size and asset diversity, as it forms part of the fourth largest energy company in North America, holding the largest natural gas pipelines. According to S&P, expectations that Kinder Morgan will run El Paso like a stand-alone limited partnership make it an attractive opportunity.
"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink
Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.