Seeking Alpha

Williams Partners (WPZ -0.6%) is downgraded to Hold from Buy and removed from the Select List at...

Williams Partners (WPZ -0.6%) is downgraded to Hold from Buy and removed from the Select List at Stifel Nicolaus after yesterday's explosion at the Louisiana olefins plant. The firm expects a significant financial impact, especially in the short term as ethylene margins had been relatively strong. Stifel is waiting before revising its estimates but is confident results will be below expectations.
Comments (3)
  • 153972
    , contributor
    Comments (692) | Send Message
     
    Just another analyst that doesn't know what they are talking about. Ethylene is in price increase phase not because of demand but due to supply reasons, which will be ameliorated once scheduled maintenance is performed.

     

    http://bit.ly/16oHunn
    14 Jun 2013, 07:11 PM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (1866) | Send Message
     
    153972

     

    nice chart from 4 months ago but this is about an explosion not scheduled maintenance therefore I'm confused how the analyst doesn't know what they are talking about.
    18 Jun 2013, 08:17 PM Reply Like
  • 153972
    , contributor
    Comments (692) | Send Message
     
    If only analyzing WPZ because of an intermittent disruption of ethylene I agree with the analyst. An analyst ought to crystal ball further out than the short term.

     

    Wouldn't you agree?

     

    My contention is that ethylene and for that matter NGLs are in a moderately depressed price range and will remain there for some time due to over supply.
    19 Jun 2013, 04:51 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|