Fri, Mar 6, 2015, 7:42 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Phillips 66 Message Board

resource2 6 posts  |  Last Activity: Feb 11, 2015 1:51 PM Member since: Sep 5, 1997
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Sell

    by resource2 Jan 4, 2015 11:38 PM
    resource2 resource2 Feb 11, 2015 1:51 PM Flag

    Well,told ya so dumb dumb

  • Reply to

    Your thoughts on the merger

    by ashland01721 Jan 15, 2015 5:25 PM
    resource2 resource2 Jan 16, 2015 9:42 PM Flag

    The deal is taxable. That's my issue with it.

  • Reply to

    Sell

    by resource2 Jan 4, 2015 11:38 PM
    resource2 resource2 Jan 12, 2015 10:05 PM Flag

    I think you may be confused. You will be getting the payout that ACMP received which is a lower amount than the previous WPZ payout. The agreement does not state 3.65 and 12-12 percent. If so, please provide the citation.

  • Reply to

    Sell

    by resource2 Jan 4, 2015 11:38 PM
    resource2 resource2 Jan 11, 2015 1:29 AM Flag

    Just look under the section on future payout. As I recall it is on page 29. I calculate the new yield to be something like 4.3 percent after the payout is reduced and the number of,shares is reduced. That is why the shares are plunging. This merger is really terrible. If you read further they don't even need our consent as they already have the power to push it through. I agree with the previous writer that these shares are destined to go into the 30s

  • Reply to

    Sell

    by resource2 Jan 4, 2015 11:38 PM
    resource2 resource2 Jan 7, 2015 11:13 PM Flag

    According to the materials on the merger just sent out the dividend is .73 per quarter down from .93 and growth projections in the publication were in the 4-6 percent range. On top of that you only get .87 shares of which also needs to be calculated into yield. You will be getting a lower dividend on fewer shares.

  • resource2 by resource2 Jan 4, 2015 11:38 PM Flag

    I think it makes a lot of sense to sell WPZ. Essentially, the payout is being reduced by 30 percent when you take into account the payout cut and the reduced shares. Pretty bad for dividend oriented shareholders if you ask me. There are a lot more shareholder friendly companies out there this isn't one of them. Take a look at ETP.

PSX
75.36-1.52(-1.98%)Mar 6 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.