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Thx. This would be a 22% capgain which I'd bank and it'd just add to my cash pile that I'm trying to invest-down. A good problem to have, admittedly.
Since I only bought into this bunch of MMP last year my tax hit on this should be fairly mild. I feel for the long-time holders who may well get zonked haaaaard on this deal by the tax man next year. :/
Sold my MMP for a 20%+ gain between the OKE acquisition this morning and existing profits on the position. Price action thus far suggests folks may not be entirely thrilled with the deal and are perhaps worried that regulators might step in to muck things up a bit since this involves dirty energy-transporting activities.
Comments
My theory has always been to take the money and run.
This will leave me with EPD as my only pipeline MLP remaining, which I feel pretty good about holding and/or adding to until the cows come home.
Since I only bought into this bunch of MMP last year my tax hit on this should be fairly mild. I feel for the long-time holders who may well get zonked haaaaard on this deal by the tax man next year. :/