My 2 cents worth of advice.
At one point in the future the market is going to take a deep dive (not sure when and how deep) so,
Find some $ to spar ( I mean it). Make no mistake about it, there will be a lot of bankruptcies soon.
1- Pick another good company that you know. Not the one you're already investing in.
2- place multiple entry orders on it.
3- spread the orders by about 15% gaps and increase the amount of shares going down. Better chance for recovery bouncing back.
4- Don't be bashful about placing ridiculous orders during market selloff (10000 shares of something at 1/share or what you think fits the company). What helps here is looking at 10 yrs charts. Market corrections as you might know occur every 10-15 yrs periods.
Two major Oil and Gas companies with tons of experience built over the years are being bad mouthed by a mere fool who has a 1000 plus followers. He says, investors are worried about the merger. Hell boy, where do you get off? With your little knowledge in the market and the degree you got from college that has nothing to do with Oil and Gas you're like a baby who just learned how to walk, yet your poop still stinks in your diapers. Either you are really a FOOL or getting a kick back which is illegal.
I know so much about WMB and ETE more than you will ever learn in all your life.
Go play with your toys for few more years before judging this merger.
This message is for all the fools at Motley Fools.
The purchase of WMB was a very good one but you have to remember the tide is high and more cargo may sink the ship. Maintaining investor support at the current time is much more important than looking for additional weight (dividend distribution is vital to prove a point).
A lot of financial institutions are like a monkey on our back, some even are betting against the merger and would like us to run to them and borrow money at a high interest rate. I have high faith in this merger and I am sticking to my holdings. .
BTW my personal feeling about this whole market thing is, it is being orchestrated to squeeze 4 foreign countries and some domestic week companies here in the US. There is no Glut (it's all BS).
The last time( in the 80's) when we had a real Glut the Oil oversupply was 6 times what it is right now.
My vote is 'Yes' for reserving the cash to sure up the balance sheet but not to add weight.
A tip for you.
Place an order to buy something at a ridiculous price' like 1 dollar or so' because when the selloff starts a lot of people run for the doors and sell at market. you might get lucky.
Good luck to all.
We already have two Oil companies bankrupt in Oklahoma, SD is on they way and possibly CHK. UNT already started laying off people. Very soon WMB is following suit and prepping to lay off people. Don't fool yourself.