Williams buys out Access Midstream $6 Billion deal
More competition for MWE. New company touts their dividend potential. Looks like I sold my Williams a little early. Between KMP and this new company I do believe I will be owning more MLP's by year end.
So Williams adds access to its' Cayman and atlas acquisitions..and MWE continues organic growth..kind of reminds me of the way the Miami Heat was built through acquiring James,Wade etc vs San Antonio Spurs long term growth..both win, but Spurs are more stable. That's kind of the way I see it here. MWE will IMO have the more stable growth going forward..
The purchase had almost nothing to do with production of NG or NGLS or growth of the companies involved but WMB taking ACMP money and future for themselves and making WMB more fiscally sound. GIP makes a fortune and WMB upgrades its company financially.It is not more of a threat for MWE. Personally, it makes me retrench my feeling that SXL will be bought at a premium by ETP or ETE.There is a difference in mlps buying out the rest of company as EPB and ACMP-WPZ and a company as MWE with no general partner.