EEP Still Solid

BERNARD COLSON, Oppenheimer & Co. (09/14/2010)
"We do not anticipate a distribution cut will be necessary given we estimate EEP's coverage ratios to continue to exceed 1.0x. We reiterate our Perform rating. . .With EEP units trading at 7.8% current yield. . .we do not believe there is a significant amount of downside from here. If units remain flat, investors will still achieve a total return of 7.8%."

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