reminds me of el paso case epb was the mlp and stockholders were screaming then. see articles of what happened.
apparently you forgot about feb 26th 1993 when the world trade center was attacked under president clinton.
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.
there is a daily change in upgrades and downgrades. read all of the articles by the same lady now sep and kmi rated buys, most of the articles by this lady are positive on pipelines current valuations.
do you have a source for pipeline downgrades. i saw bac downgrading the major oil companies, but that has nothing to do with mlp pipelines.
i think we will have a bounce at the open, but break even or loss by the close. this downturn is probably not over.
if wmb wants to remain on its own than they should consider a buyout of se. the resulting company might be too big for others to gobble up. that seems to make more sense,