Williams Companies (WMB) isn't quite as complicated as Energy Transfer Equity (ETE),
but this company too has turned to a model that prioritizes holding GP
interests and stimulating MLP growth through drop-downs and
growth-oriented capex. Key holding Williams Partners (WPZ) has had its challenges with the erratic progress in the Marcellus and Utica shales, but the combination with Access Midstream Partners (ACMP)
should de-risk the cash flow that moves on to Williams Companies, while
a slew of growth-oriented projects raise the prospect of double-digit
dividend growth across the next decade.
Please continue here:
Williams Companies Offers Growth, Upside, And Risk
Showing posts with label Williams Partners. Show all posts
Showing posts with label Williams Partners. Show all posts
Tuesday, June 24, 2014
Wednesday, September 4, 2013
Seeking Alpha: Amidst Rate And Commodity Worries, Oneok Partners Looks Interesting
Master limited partnerships (MLPs) aren't like most stocks. You don't
generally buy these stock (technically, units) for multi-bagger
appreciation potential, but rather for meaningful distributions
(dividends) that also typically come with significant tax advantages.
While I don't suggest that ONEOK Partners, L.P. (OKS)
is one of those aforementioned multi-baggers, I do believe the shares
are at least 20% undervalued today. What's more, the company's sizable
natural gas and natural gas liquids capacity is tough to match, and
multiple ongoing growth projects should lead to greater distributions
down the road.
Please read the full article here:
Amidst Rate And Commodity Worries, Oneok Partners Looks Interesting
Please read the full article here:
Amidst Rate And Commodity Worries, Oneok Partners Looks Interesting
Monday, June 27, 2011
Investopedia: Southern Union Now A Hot Property
The world of pipelines, gas gathering and midstream assets is usually a pretty sleepy place that offers a lot more in terms of income than in headlines and excitement. With at least two bidders now fighting for Southern Union (NYSE:SUG), though, this quiet patch of the income world has gotten a lot more interesting. (To learn more about he oil and gas industry, check out Oil And Gas Industry Primer.)
Williams Companies Brings the Cash
While Southern Union and Energy Transfer Equity (NYSE:ETE) had previously come together on a somewhat convoluted merger agreement, at $33 a share (for Southern Union), Williams Companies (NYSE:WMB) has shaken things up with an all-cash bid of its own that values Southern Union at $39 per share. Now let the squabbling via press release begin!
When Energy Transfer Equity made its original offer, it was a reasonable premium to the recent trading price of Southern Union, but still a rather good bargain for ETE. Making matters worse, it was a convoluted offering - Southern Union shareholders would receive Series B units that would yield at least 8.25%, but there was a somewhat complicated decision tree that could result in shareholders eventually getting cash, ETE common, Energy Transfer Partners (NYSE:ETP) common, or continuing to hold those Series B units. Some of these permutations would give SUG shareholders a tax-free acquisition premium.
To continue reading, click here:
http://stocks.investopedia.
Williams Companies Brings the Cash
While Southern Union and Energy Transfer Equity (NYSE:ETE) had previously come together on a somewhat convoluted merger agreement, at $33 a share (for Southern Union), Williams Companies (NYSE:WMB) has shaken things up with an all-cash bid of its own that values Southern Union at $39 per share. Now let the squabbling via press release begin!
When Energy Transfer Equity made its original offer, it was a reasonable premium to the recent trading price of Southern Union, but still a rather good bargain for ETE. Making matters worse, it was a convoluted offering - Southern Union shareholders would receive Series B units that would yield at least 8.25%, but there was a somewhat complicated decision tree that could result in shareholders eventually getting cash, ETE common, Energy Transfer Partners (NYSE:ETP) common, or continuing to hold those Series B units. Some of these permutations would give SUG shareholders a tax-free acquisition premium.
To continue reading, click here:
http://stocks.investopedia.
Friday, August 27, 2010
Can The U.S. Switch To Natural Gas?
There is nothing like a big oil spill (or several years of high gasoline prices) to get investors and some environmentalists talking about natural gas again. The arguments have been around for years and go something like this: Natural gas is relatively abundant in the United States, it can offer positive pollution trade-offs to oil and gasoline, and it is the only immediate option with a reasonable chance to supplant imported oil in powering vehicles.
As another summer has rolled by, however, North America really does not seem all that much closer to the sort of natural gas-fueled future that people like T. Boone Pickens would recommend. Still, for those investors who believe in the possibility, there are a few investment plays to explore while the idea is still in its extended infancy.
To read the complete piece, please go to:
http://stocks.investopedia.
As another summer has rolled by, however, North America really does not seem all that much closer to the sort of natural gas-fueled future that people like T. Boone Pickens would recommend. Still, for those investors who believe in the possibility, there are a few investment plays to explore while the idea is still in its extended infancy.
To read the complete piece, please go to:
http://stocks.investopedia.
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