Williams Being Acquired?

[Breadburner]

Blood Money.....!!

[davideinstein]

At $3.96 this morning.  With oil prices starting to move northward again, it's only a matter of time before energy stocks rebound.

Closed at $4.29

Lots of money to be made out there.

[davideinstein]

Blood Money.....!!

Because coal was so much better for us...

[Conan71]

Closed at $4.29

Lots of money to be made out there.

Yeah, but 10,000 shares sure cost a lot more than they did two weeks ago. 

There's still the possibility they could go BK in spite of their protestations otherwise.  If Aubrey had still been at the helm, it would be quite a bit less likely they will survive intact.

[davideinstein]

Yeah, but 10,000 shares sure cost a lot more than they did two weeks ago. 

There's still the possibility they could go BK in spite of their protestations otherwise.  If Aubrey had still been at the helm, it would be quite a bit less likely they will survive intact.

Very slim possibility. I think we reached the bottom on energy prices (natural gas is at a 17 year low...) and their management is extremely focused on decreasing the debt.

[kingsy]

Heard 10% layoffs at Williams by the end of the month.  Almost 700 people.

[davideinstein]

Heard 10% layoffs at Williams by the end of the month.  Almost 700 people.

Terrible news.

[LandArchPoke]

Heard 10% layoffs at Williams by the end of the month.  Almost 700 people.

This is likely company wide. If they laid off 700 people in Tulsa that would be upwards of 60% of Tulsa. The layoff will likely be split between Houston, Pittsburg, OKC, Tulsa. Might see 100 in Tulsa or so is my guess? Layoff are inevitable with the current oil prices. Just wait until ETE buys them, then files for bankruptcy because of the debt they took out to buy Williams.... 

[Weatherdemon]

New filing by ETE today and it's not good news.

ETE and WMB have also been analyzing other steps to reduce general and administrative expenses. ETE has determined that it will be necessary to consolidate corporate offices and headquarters of ETE and WMB in Dallas, Texas in order to achieve the appropriate overall reduction in general and administrative costs for the combined company and headquarters and, as a result, the current presence of WMB in Tulsa, Oklahoma and Oklahoma City, Oklahoma will need to be significantly reduced, particularly with respect to the finance, accounting, engineering and construction, legal, human resources and information technology functions, or potentially eliminated. 


http://www.sec.gov/Archives/edgar/data/1648098/000119312516514627/d80568ds4a.htm 

[Conan71]

So long WMB.  It was nice knowing you.

[Townsend]

Ouch, that's a big ol' punch in the face for Tulsa.

I'm sure the Chamber, the mayor and the governor have a plan though

[dbacksfan 2.0]

Ouch, that's a big ol' punch in the face for Tulsa.

I'm sure the Chamber, the mayor and the governor have a plan though

[Townsend]

Dammit, that's depressing

[DowntownDan]

At least someone made some money, right?  Can the BOK Tower be converted into one of the new high end lofts that nobody can afford?

[davideinstein]

At least someone made some money, right?  Can the BOK Tower be converted into one of the new high end lofts that nobody can afford?

TyPros will bring it!