El Paso Agrees to be Bought by Kinder Morgan for $21.1B

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:

A little early, but happy none the less

I unloaded when we were only up a bit yesterday so I've missed the last 300 points but it would have been foolish to not lock in gains when you're up 30% on the week. I'm sitting in about 55% cash and don't intend to do much today. The downside risk is there but so is the upside. Neutral is the way to be. If you were braver than I, don't sell until late in the day. Everyone who made bank this week is taking profits now, but there won't be any bears willing to put there asses on the line and get short here so I think we have triple digit gains by day-end. I'm still holding Apple (AAPL), Arcos Dorados Holding (ARCO) and ARM Holding (ARMH) cause I've taken such a bath with them and I don't see much more downside (famous last words lol). Also, I still have my Netlix (NFLX) on takeover spec and Alexion Pharma (ALXN) on FDA-approval spec which I'll hold til it happens or I'm wrong. Still long dollar and short euro.

-Stay thirsty my friends ;)

Takeover Specs: Netflix

After announcing a rate hike that has subscribers jumping ship, Starz pulling it's content over a contract dispute, and the final death knell, the cutting of subscriber forecasts by the company itself, Netflix's (NFLX) stock has been more than cut in half. But is there any value left there? Jump past the break to find out.