looks like WPZ should have done the offering a couple of days ago. The market tanking a bit this afternoon is bringing WPZ down with it.
I bought some June $50 calls thinking they were a steal and sure thing. Should have waited another hour and gotten them cheaper...LOL.
The way this thing got taken down on increased volume at about 2:40 central time, I am wondering if a downgrade may be forthcoming in the next day or two...someone in the know selling out ahead it. Always a conspiracy somewhere.
LINE just did one recently close to their highs. EPD did one near their high a few weeks back and has not recovered near their high again.
I am more interested in debt placement for the long term as this may be the last bite at the very low cost debt issuance rates. WPZ did a huge debt placement... maybe the largest for an MLP recently. Will have to check my file for confirmation and reference.