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+--- Thread: WMB (/showthread.php?tid=1241)
WMB - rayray - 06-23-2015
Anyone WMB investors?
I have a few shares and liked that Williams was going to absorb their partnerships, kind of following in the footsteps of KMI so-to-speak. But this ETE kind of came out of nowhere and I have mixed feelings about this happening. WMB refused the first offer but what's next?
I kind of liked WMB to a somewhat different investment then KMI, felt like it complimented my portfolio nicely.
KMI is getting tempting again.
Long WMB and KMI
RE: WMB - Roadmap2Retire - 06-23-2015
Dont own it, but yeah KMI is looking tempting again, although I have a full position.
I was thinking of topping up my other pipeline holding (although thats close to a full position) - Inter Pipeline (IPL.TO), but all pipelines have jumped with this news of consolidation/absorption.
Another interesting development: Enbridge (ENB) announced some restructuring plans - transferring assets of up to $30B to Enbridge Income Fund (ENF.TO)
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/enbridge-income-to-buy-enbridge-assets-sees-10-dividend-boost/article25034161/
(Btw, this is seen as an aggressive move and has resulted in ENB being downgraded to BBB from S&P and Moodys)