You guys are confusing me.... I thought you were talking about Hillary
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
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
Because EPDs shelf statements are never "news" to big money
$1.9 Billion..... Which at current prices is 70 mil shares.... Which is 3% dilution
This is going to create some overhang
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