Yes, Harehau, in the long run, what one does, does get remembered. Note ETE is just up over 1% today and not much yesterday. I see this as a reversion back to more reasonable levels for WMB, after getting sold off and shorted hard, because of the drop in crude and convoluted mess caused by ETE
WMB has a better future than ETE, with new projects. Doesn't matter what ETE does, though I would prefer WMB stays independent and collects some reimbursement from ETE for their inappropriate deal setup. Media BS makes it look like WMB is in trouble ... not so!
I agree, it does appear WMB is on a roll now, all major biz news is covering the WMB actions as front page stories ... the heat is ratcheted up on K Warren and ETE. Short interest is high in ETE, but much lower and declining for WMB. It should be an interesting week. Only 4-5 weeks to mid-June
Meanwhile, WMB is still in the green, but off from it's high of the day. Fascinating, but hard to make sense. Really have not been able to make sense of WMB trading for quite some time!
Could be WMB is finally getting some of the lost premium back ... no matter how you slice it, WMB is too low of a price. You have seen WPZ ... up 47% since beginning of April
I do not follow the options, but I do follow the ppl who follow the big trades. Big volume for ETE puts in July. May just be a gamble, but interesting WMB is up today and ETE is not and the volume in ETE is nothing, at 2.75m
I wonder what that is about? Today is one of the first days, WMB stock price is up and ETE is down.
Enough problems exist on the supply side, Nigeria, Canada, reduction in wells ... in spite of Saudis pumping as much as they can. I noted Saudi wants to increase nat gas production by 10X in the years ahead. Guess they see the value in nat gas.
On a different note, what is your view on PAGP ... it is not an MLP ... similar to WMB?
That is one significant reason for the spike ... and there were big call buyers late in the day ... that is another thing driving the price of WMB up. Look for more tomorrow.
You are a flip flopper ... your opinion is useless! What do you trade this by the hour or something? Shove off!
Warren is clearly a person who does not believe rules/guidelines/laws apply to him. I continue to maintain this is so hilarious, if it was not so pathetic. We are still not back to the price of WMB when 2015 ended. Meanwhile, nearly all major oil and gas stocks are well above their 2015 close and some by a lot.