Page 1 of 1
ete,etp
Posted: Thu Jan 14, 2016 8:22 am
by mkarpoff
When ete said they would acquire Williams the stock took a hit. Yesterday the news was that the deal may crash, and the stock took a big hit. Have you any idea what is going on here?
Re: ete,etp
Posted: Thu Jan 14, 2016 12:01 pm
by mkarpoff
The insiders recently bought about $42mm of ete, and I think they are pretty savvy guys. Makes you scratch your head.
Re: ete,etp
Posted: Thu Jan 14, 2016 3:08 pm
by cviller
The least negative reason I can imagine is that people bailing out of midstream etf's like Alerian have caused much of the selling in ETE. One would think the insider buying is positive but then Harold Hamm monetized his hedges at $80 oil.