6/27/16: Errors Pay Off for Energy Transfer (ETE, WMB)

By Igor Greenwald • June 27, 2016

MLP Profits Portfolio Update

Energy Transfer Equity (NYSE: ETE) buy limit increased to $19 in Growth portfolio
Williams (NYSE: WMB) downgraded to Hold in Aggressive portfolio

For more information, please see the latest MLP Profits Weekly.

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James Martino

07/06/16 ‐ 12:30pm ET July 6, 2016 at 12:30pm ET

Now that the deal is dead, what about these sweetheart convertible preferred security’s Warren and fellow insiders issued for themselvs at the expense of ETE unit holders? Will these securities be cancelled?

Igor Greenwald

07/12/16 ‐ 12:43am ET July 12, 2016 at 12:43am ET

The suit over the offering remains pending in Delaware, and short of the plaintiffs prevailing I wouldn’t expect the deal to be canceled or amended. But I don’t believe that’s material to the medium-term investment outlook for ETE.

Leonard Clein

07/12/16 ‐ 2:58pm ET July 12, 2016 at 2:58pm ET

Does eva still look strong to you.

Igor Greenwald

07/15/16 ‐ 2:47pm ET July 15, 2016 at 2:47pm ET

Yes, still below our buy limit and no changes in outlook

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