He is so full of BS, but I give him an "A" for trying. Saying ETE is no longer talking to WMB and WMB owes ETE a breakup fee ... does it get more delusional than that ... or am I missing something?
Many ETE shareholders appear to be as delusional as the ETE CEO K Warren. Pretty pathetic. They should be forced to pay for ETE's wrong way deeds, IMO. ETE has shown their ignorance in trying to buy WMB, when they really should never have tried, in the environment which was present.
If the economy is doing ok and nat gas is stable, and they continue to expand, how can the next qtr be any worse than the last qtr? Plus WMB mgt has been cleaning up the balance sheet ... and they have removed some staff. Would think guidance should be decent. The one thing ppl ding WMB on is the debt level ... and they are not adding to it.
Could it be possible, the two mgts agree to part ways, after that, but before the WMB shareholder vote? But, depending on how the court rules, this could affect the approach and handling of penalties. On the subject of penalties, I do not see how WMB could ever be liable for one.
I wonder how long it will take for the court to rule?
Sugg, it would appear you are right ... amazing to think ETE ppl are promoting wrong info ... But, then again, they seem to follow the ways of the low life K Warren.
Harehau, is it surprising the mention of a dividend reduction? The question of course is how much ... goal to build capital and have a better set of financial stats.
Yes, just maybe there have been negotiations in the back room and all the announcements are for show. That being said, it has been quite the last year of fun and games ... with not much fun for the LT shareholders. Good for the day traders though
Ppl are so tired and confused, clearly more are selling just to get out of this situation. Probably a big mistake
Yes, you are right Harehau ... with WPZ. If the deal gets restructured to all equity, the mgt needs to put it out there so the shareholders can vote ... could be forthcoming within the week ahead. If all equity and approved, I wonder what the dividend might be?
How bad can it be, when the dust settles? If the large WMB investors are making the news, what is their intent and desire? All equity deal? What does WMB make it look like they have to have this deal with ETE? Is it still the game of showing they are fully for the deal, lest WMB have to pay a penalty? Getting tired of trying to read the tea leaves.
Yes, harehau. I am wondering why would the WMB board make the point of saying they will cut the dividend, if the ETE deal does not go through ... why state that now?
How could those so called financial writers not get the break up fee correct in their article ... are they trying to intentionally mislead ppl? I am still wondering why the WMB Board has said the dividend will be cut, if the deal does not occur. Is it because they are trying to color the minds of the shareholders to vote yes. If we all vote yes, it is still the original deal, which everyone knows Warren will never accept ... so vote yes or no ... it will lead to the same end result. The bigger question is will the court review 20-June lead to the court finding ETE has tried to terminate the deal and thus they will owe a penalty fee
It is not as if the yes vote will make the deal happen ... it WILL NOT, because ETE does not have the wherewithal to close the deal. All it does is light a fire under K Warren, which is the right thing to do. If he wants to kill the deal, he should be found to have to pay the penalty ... or offer a different deal to WMB, which would then have to be voted on
That could validate the orientation of voting yes, is the right thing to do. Again, the current deal will never happen ... it cannot, so it is not as if voting yes will create ETC. All it will do is enable pressure to be put on K warren and ETE. Ideally, the whole thing will never come to a vote, because something more productive will occur before the 24-Jun
Stop asking about it. Read the documents. STOP asking this question. It is not true!!!!!!!
Of course K Warren would say that ... he is all about posturing ... do not let the facts get in the way of the story, is the way I see him approaching his dealings with WMB