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
WMB is about the absolute worst performing stock symbol, in 2016, in the oil and gas space ... by a very, very large %. Why is that???
Or is it as I suspect, machine generated ?
No one really knows what the WMB will do. Nat gas rising should bode well for the future, if standalone ... the selling is irrational
What price do you expect for ETE and WMB, if the deal gets scuttled? Interesting, today, ETE is leading ... and why is that, after yesterday's decline?
Court should find the preferred deal is not appropriate. Tax ruling ... maybe that is enough to kill it ... sounds too simplistic. I truly do not know how the outcome goes, but think Warren will not just sit by and let the deal happen ... how does he get out of it? Why do you say 20% gain in a few days?
Harehau, if mkt does not see a deal, why is ETE going down so much? The testimony has been quite telling, Warren was doing whatever he thought he could do to kill the deal. We knew that ... now what is the end result? Will WMB benefit more than ETE or not?
Mkt up, nat gas breaking out, crude near highs ... and WMB is not even close to it's 2016 highs (whereas most every other oil and gas is well above it). High for WMB was first day of 2016 ... went straight down from $25 area to $10 and now at 22.50 ... BIG DEAL! Relatively speaking, if you have been a LT shareholder, you are NOT happy and I do not know when you will be happy again???