This is a 10,500 mile major prized artery up the east coast as many of you know. Looks like ETE will end up
purchasing WMB for around $30b give or take according to Raymond James when its all over-laugh. It costs approx. $2-2.5 million per mile ($100,000 per inch/mile) to build and Transco is 24" dia, so this pipeline alone could be worth over $20 billion . Would not be surprised if ETE is over $75, maybe $100 by 2017/18.
Could continue to be weak over next month but look out to 17/18 & beyond.
Stay safe all