This next week should be somewhat telling as to what the next few weeks and months holds in store for WMB. You feel there is a floor put in ... I expect $20 is the lower support level ... and how far up is yet to be determined. Most people are tuned into the cutting of the dividend and that means, most want to buy after it is cut. What if it is cut by a nominal amount ... a lot of buying would come in on that event, I would expect. I sent you an email.
Harehau, I would just as soon, remove everyone from the board and the top mgt ... get someone who cares about the firm and invests their own money in it
I have been optimistic, but the price action has been terrible ... thus the money flow index is on the bottom of the chart. So, is there danger to go down further, sure. Is there potential to go up ... yes. What happens is somewhat dependent on the raw material price action, but if the lousy mgt at WMB gets something positive going, it could bode well as so many have already sold this down (for a very long time). As I have said, there is little downside and a bit of good news (for a change) could provide reasons to buy and the technical setup could change dramatically.
The money flow index for WMB is at the bottom of the chart ... which supports the lack of buying interest. ETE is near the top. WMB has no where to go, but I up, one would think????
Harehau, have to say, I am quite disappointed by the movement in WMB. ETE, at least has someone who wants the share price to rise ... K Warren. WMB has no one who is behind it ... and it is still a very much hated stock.
Coming up on the anniversary of the ill fated ETE deal announcement. One of these days, they have to start getting back to business and share something which will be taken as positive, vs the nearly always negative news flow
Yes, energy down significantly today, but WMB did not really benefit from the rise. Seems to me, general malaise in the world again, with 10 and 30 yr hitting new all time lows. At some point, WMB should develop some relative strength, but when?
While I regretfully have resigned my seat on the Board of Directors along with five of my fellow Directors, I retain all options going forward to protect shareholders from further value destruction
Which means, if rates stay low, because inflation stays low, banks will never be good investments like pre 2007
Excellent point on the subject of technology and the elimination of inflation. Love your example. Hey, I just sent you an email.
One data point, XOM is back to the same price it was, when crude was at closer to $100 ... WMB, down so much ... the really smart money, if they are out there, will be buying hand over fist, one of these days
Nothing seems to get the 10 yr note moving upward in yield. So, the hunt for yield is going to keep on going. Whatever WMB yield is going forward, it will be far, far better than fixed income ... even better if there is growth to be added to the principle.
Hare you were spot on in calling this action, which needed to happen. Very good! I think we are setting the stage for a nice comeback by WMB ... long term should be a much different story. Sad, shareholders had to be along for this ride or I should say slide. I would not be surprised to see buying ... a new quarter and the air will be clearing
Smart money in the know was in a rush to add. Maybe we have a bottom from which to advance. Time will tell