Earlier today El Paso (EP) agreed to be bought by Kinder Morgan Inc. for a 40% premium to Friday's close, creating North America's largest Nat-Gas pipeline operator. I see plenty of M&A's in the pipeline industries future so I put together a screen of the companies similar to El Paso (EP) that I think are most likely to be snatched up next.
Check out the screen after the break:
Plains All American Pipeline (PAA) looks like the most desirable candidate to me. It's the cheapest in terms of Forward PE with the highest quarterly growth rate. But I have to say Atlas Pipeline Partners (APL) looks pretty interesting too.
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