you might have been correct when you write "if any ETE pays." time will tell soon ....... I believe ETE wins this.
dw_home, normally I might agree with you that the big boys are setting us up. However, this court is an open forum and the actual trial is reliably available to all. I think you might be on the wrong side of this deal. Go ETE longs!
It could also go the other way against Williams. Williams is on the line for a $1.48 billion break up fee if the transaction does not close. And both ETE and Williams jointly chose and agreed upon the law firm together. It ain't over till is over ......... and the judge rules.
Need to bump this to the top ..... the Trolls and Spamsters have found this board. So, blue sky ........ when you gonna get the Porsche? It has been 2+ weeks since you said you are buying it. Good luck longs!
What is happening to natural gas prices since February is due to the lower rigs=falling production AND a hot summer is predicted. Over the past few years MANY utilities have converted from coal (think Obama & EPA & cost) to natural gas fired plants to generate electricity. Natural gas is not just a "winter" thing anymore. Long ETE.
Actually, it is the opposite ..... if the WMB deals goes through, there is a bug pull back. The recent run is due largely to the higher likelihood of the merger falling apart and ETE not having to take on an additional $6Bn in debt with a variety of other factors including increasing commodity prices. Good luck longs!
Hers another 1 cent ...... very recently announced that coal consumption dropped 36% year over year and that natural gas is taking its place as a much cleaner fuel for electricity generation. As many companies switch over, it drives up demand. Good luck longs.
90+% of Targa's business is gas related and not oil. Production of NG is also showing signs of production declines and the price of NG is up nicely. With only about 70% of Targa's revenue from fixed fees (many competitors are 80-90% fixed fees), Targa takes on more downside risk but also enjoys a large upside when prices increase. I believe that is what is happening here ...... that is my $0.03 worth. Good luck longs!