As of this past week, the share price is clearly above where 2016 began. Cannot say the same for WMB or ETE. Just looked at the weekly chart of ETP ... that too is above the 2016 starting price. Interesting, the GPs are behind the MLPs. What do you make that?
With earnings around the corner, any thoughts as to what kind of a report we may see from WMB? In the last 2 quarters they were working to clean up the balance sheet. Seems the level of nat gas running through the pipelines should be at least as good as they were. Costs should be ok. To what degree does the WPZ ER affect the WMB ER?
I have noticed a clear acceleration in volume in WMB, when the share price is rising. When price went down, the volume declined to very low levels, as compared to when going up. That is a very positive change for those who are long WMB.
Sure, the Winter in the Eastern US was relatively warm, so not as much demand for heating, BUT, who is predicting a very hot Summer ... going to need a lot more nat gas too cool people living in all those cities. And who supplies nat gas to the cities in the East ... WMB and it's pipeline jewel Transco!
The correlation totally took me by surprise, Harehau!! It made little sense
The case can be made WMB is one of the best values in the energy sector ... why? Look at how far down it was hammered and mostly on arbs and fear mongering by opportunistic short sellers with deep pockets
It is so predictable the mkt cycles ... at the lows, no one will touch and the higher the price, the more ppl want to buy ... only on Wall St do people run from a sale. Funny, irrational, yet so predictable
Agree, it would appear more interest developing for WMB ... good risk/reward is recognized as time goes by and commodities get stronger (look at nat gas today ... higher). That being said, people seem concerned about WMB debt, as a standalone ... but, the worries about debt seem to have subsided as indicated by HYG junk bond. Why would WMB want to change their relationship with WPZ, if they become a standalone?
So, what does that imply for WMB? Undervalued!
It sure seems to be game on for many oil and gas firms ... what a difference from 11-Feb, earlier this year
Interesting. The mkt is giving one a chance to buy in to WMB at these artificially low levels. In addition, crude keeps rising, which provides added impetus
Looking at the charts, WMB fell off a cliff, at the start of 2016 and then fell off another cliff, after Warren fired the CFO. Today, we are about back to where the price was, before the CFO was fired. If you look at XLE, that is way ahead of where it was at the start of 2016. Makes no sense that WMB price is still so weak, but the chart and technical are improving. WPZ price is now significantly above the price where 2016 started. The take away, WMB is low, because of the arbs and lousy ETE management
Do you think the move in WMB today, is because someone knows the deal is going to get killed and perhaps WMB will receive penalty $$ from Warren/ETE? ETE is barely up on the day, of course it did run pretty hard earlier this week
At this moment, WMB has been in a tight range, but looks to be moving higher ... BMO Capital initiated coverage with an Outperform rating. Meanwhile, ETE is sinking to near $10 ... BMO Cap rated ETE neutral. Makes sense, ETE went higher than it should and WMB is undervalued
Good assessment, Harehau. Likely cannot take anything Meister said as very meaningful to whether we make money in our investment positions. Most important thing is the value which WMB offers to investors today ... and with nat gas and crude riding higher and showing increasing stability, that is most important. It helps that the US dollar continues to go down ... it is near multi yr lows and showing no strength whatsoever, in spite of many dollar bulls saying it will strengthen.
So, Meister still likes it. Harehau, Corvex is supposedly the largest WMB holder? Are there other large holders still positive? Are there enough big money mgrs who can swing the vote to positive? Guess the WMB board does not necessarily agree with their view?
I project the day will come, when WMB will outdistance ETE on the upside ... the ETE mgt STINKS to high heaven ... they deserve to receive a a kick to the head (pocket)
To me, this borders on near criminal. I cannot believe the #$%$ that is occurring. Really expect some smart money to start coming in, with more urgency to WMB shares. Especially with crude and nat gas gaining strength
I agree ... I am not worried ... what I should have written, can others comment on this news. Seems ridiculous, but everything about the ETE/WMB so called deal has been beyond anything normal. Looking back, Warren must have fired the CFO because he created a deal Warren could not get out of. Now he is feverishly trying to deal with by creating scenarios which will cause WMB to agree to kill this ill fated corporate arrangement