6/22/15: Taking a Partial Profit on Williams
The Energy Strategist is recommending the sale of half of your Williams (NYSE: WMB) stake following the midstream processor’s rejection of a takeover bid by Energy Transfer Equity (NYSE: ETE).
While Williams’ board has signaled that the company is open to a deal at an even higher price, investors shouldn’t hesitate to take a partial profit following today’s rally. As we have seen in the past, even takeover bids at an impressive premium to the market price don’t always result in a deal within the midstream sector.
We will have additional analysis of the Williams news in the June 23 Energy Letter.
While Williams’ board has signaled that the company is open to a deal at an even higher price, investors shouldn’t hesitate to take a partial profit following today’s rally. As we have seen in the past, even takeover bids at an impressive premium to the market price don’t always result in a deal within the midstream sector.
We will have additional analysis of the Williams news in the June 23 Energy Letter.
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