Yeah its a win win for EPD and the industry.....
EPD is insured for the assets and lost income....
Oil and nat gas supplies are disrupted and we should see a pop in their prices
$1.9 Billion..... Which at current prices is 70 mil shares.... Which is 3% dilution
This is going to create some overhang
Because EPDs shelf statements are never "news" to big money
That will be an ATM offering sold over time to partially finance projects
If it were for a DRIP you could fund about 50% of 1 full years distributions with that amount of shares.... And most unit holders take their distribution in cash.... Insanity not to
I dont get paying a premium for WMB.... Which would equate to at least 1.25 EPD for each WMB
Wich would give WMB owners $2 in EPD distributions a year.... Up from their cut rate of 20 cents....
And taking on all that debt
I dont like it at all
You guys are confusing me.... I thought you were talking about Hillary