Tax Rule Changes Spur Deals in MLP Energy Companies [Bloomberg Business News]
WILLIAMS PARTNERS LP (WPZ)
Last williams partners lp earnings: 8/1 04:15 pm
Check Earnings Report
US:NYSE Investor Relations:
investor.williams.com
Company Research
Source: Bloomberg Business News
A flurry of mergers in the master-limited partnership (MLP) segment for pipeline companies rocked the energy sector on Thursday, drawing a sanguine response from Wall Street analysts that generally supported the new, more simplified structures. The earlier proposed deals -- Williams Cos. for the remaining stake in Williams Partners LP and Enbridge Inc. for all outstanding securities in its units -- were prompted in part by U.S. regulators ruling in March that MLPs can no longer receive a credit for income taxes they don’t pay, which sent certain stocks on a downward spiral. Liquefied natural gas (LNG) terminal and pipeline operator Cheniere Energy Inc. also proposed a deal for the remaining stake in a company it already controls. Amid investor calls for structure simplification, an analyst from Bernstein suggested on Wednesday that MLPs converting to C corporations may not add as much value as one would expect. Bank of America Merrill Lynch nodded to possible
Show less
Read more
Impact Snapshot
Event Time:
WPZ
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WPZ alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WPZ alerts
High impacting WILLIAMS PARTNERS LP news events
Weekly update
A roundup of the hottest topics