Very good news ... in total 6 directors are resigning. Harehau called it ... this is what needs to happen to begin getting WMB on track. It will eventually perform far better than ETE. Good riddance to the dirt bags!
Story says they tried to oust the CEO and failed
Very strong buying and this is the end of the quarter ... some must want to make sure it is on their books. Technically, it is looking better and better
Things might have turned out differently, but that is backward looking. Future demand for nat gas must increase ... and yes, there is ample supply, but the demand will likely press on the supply, causing rising prices
Hare, most investors are lemmings, whether they be big money or small. I did not vote ... I knew, as you did, no way was Warren going to let this close. No reason to vote. Now, we have a very inexpensive opportunity to buy WMB shares, because you know the future includes more use of nat gas for power gen and industrial use, beyond consumers
It was very clear the deal was not going to happen, I did not vote. Did not want to tie up my shares ... it has paid off. Been adding since post close Friday
Have a nice life!
I am very pleased we do not have to think about the deal anymore. What a nightmare it was. The smart money may eventually sell ETE and buy WMB. WMB has become a value play that has very good growth potential, and most people know the dividend will be adjusted down
Morning Harehau, mkt is getting hammered again, as the EU storyline continues to evolve. WMB is a USA story and the facts are nat gas distribution is a growth story. I would expect WMB share price much higher this week, once sanity begins to set in. One question, is the penalty payment to WMB dead? That 400 mil to WPZ or at least part of it should be refunded.
Off topic, you like Tall Grass, right?. It is a small company ... you think it will merge with another firm?
harehau, the mkt always get fixated on things and most ppl are like lemmings, with blinders on. I just cannot see how things turn out badly for WMB, in the longer term. Need to see some leadership at WMB and some decent communication to investors so people can focus on the good things, vs the bad. ETE was a toxic experience for everyone.
Hi Harehau! Still a bit in shock about how this whole thing went, via the Delaware judge. Am happy, the deal is dead though. Did not want ETC stock with Warren. I will not be surprised, if WMB is up next week, higher than it closed this past week. It will be affected by, if the WMB board conveys anything worthwhile, before the next earnings report. People are still concerned about their debt level, although it has to be better than what it was last year.
Yes, the board at WMB is truly a liability. And Warren did get lucky. WPZ looks great and WMB owns, what 50%? The mkt always over reacts to things. ETE up t0 $15 on this news ... that is not impressive ... I think Warren bought $1.5 mil last Fall around this level ... so he is back to even on the last purchase
They can survive and do well ... the media, as well as the idiot board have conspired to foul things up ... need some time and this will be a winner again
Seems, compared to last Fall, they are in better shape ... reduced costs, reduced debt, business has to be at least as good, with nat gas pricing. Seems like a perfect storm against WMB. Under $20 seems like a gift to me