I've noticed that the MWE share price is pretty much staying in tune with the MPLX offering now. As the MPLX sp increases, so does MWE; linear-ally. Surely there must be a minimum overall buyout price in the offer that we haven't seen. What if MPLX went to 1$ ?
Let's hope there are no bonuses this year.
Sure, energy has been horrible for a year now, but expanding in to the face of what was coming and nixing a buyout deal was pretty bad.
I added also. I've been waiting to average down, and I felt ok about doing it now. Power companies are piling into nat gas (and oil as a back-up fuel) and getting out of coal. It's going to happen pretty quickly.
Read the conference call summary. I felt very encouraged, regardless if someone is out there dumping all their shares.
Thank you much and please buy the next week calls also.
Your off buddy. There's huge environmental gains when converting to NG from oil. Plus remove fractionating and overseas transportation from the equation, and it's a win for the US. And that is what the big oil boys know.
Probably the reason for the buyout. I anticipate other large oil companies to move into the US NG market.
(and away from friggin opec)
I may be wrong...I've been searching for more details of this deal, and I think you guys are wrong. What I am seeing is,
"As part of the deal, shareholders of MarkWest will receive a total of $78.64 per common share of stock, with Marathon Petroleum contributing $675 million in cash for the deal."
So if it is fixed at 1.09 shares of MPLX per MWE share, the $$ MWE holders receive will go up to compensate for the loss in MPLX share value. If anyone actually has contract language rather than speculation, it would be nice to see before voting.