reuters article listed under wpz claims se is out of the bidding for wmb. meanwhile the goldman article shows an upgrade to buy on se stock. part of the weakness lately has been the mystery of what se would offer for wmb imo.
the expense ratio is high because they had several of its largest holdings bought out and at a large premium and had to put aside funds from those gains to pay the taxes. at least that's my guess. if markwest or williams partners gets bought out they will again have to pay the taxes on those holdings.