He must have just bought the stock recently and going to make a quick profit.If he was along time holder and this deal came up he would know it only will benefit the company who takes it over
Your company sure pulled the wool over the bumpkins from Mark West from a 6 per cent people from mark west will be overjoyed with about 2 per cent and the deal suckered in the country bumpkins from Mark West people that have had Mark West thru the bad times are getting the shaft and can not sell due to taxes I hope for both of the stockholders it falls thru
It would seem that the MPLX drop is absolutely related to MWE acqusition, but honestly I think a share price correction was overdue. PSXP has also corrected recently. Some believe the PSXP correction is related to fears that PSXP will do the same thing as MPLX. I don't get that. I think the MWE acquisition is good for MPLX and even better for MPC. I thin MPLX got MWE too cheap.
I follow a lot of MLPs. The only MLPs that I follow that have not corrected substantially are VLP and SHLX.
Wonder if MPC ever expected a 20% hit to the MLP ?? I'm SURE their Bankers didn't suggest this type of reaction even if they saw it coming.
As a MWE long, I agree. It cost us plenty to free ourselves from living under the thumb of a GP 7 years ago, and don't want to live that way again, with MPC taking the IDR gravy. Way too small a premium too accept, not that MPLX has tanked.
I given the shrinking premium (though some has been recovered today), other buyers may show up.
Moody's seems to like the acquisition. Not sure why the sell off was so violent, but I doubled up on the drop and plan to hold a very long time. I'm so far up on MPLX that it's a no brainer for me.
This is a great deal for MPLX. You need to dig deeper. If I was a West shareholder I wouldn't be pleased, unless they like lower payout. it just hasn't sunk in for everyone yet.