Western Gas Equity Partners (WGP) jumped 27% in its stock market debut, another sign of strength...

|About: Western Gas Equity Partners... (WGP)|By:, SA News Editor

Western Gas Equity Partners (WGP) jumped 27% in its stock market debut, another sign of strength for new offerings from energy partnerships. The IPO priced at $22 and closed at $28.17; the company raised $378M. WGP's cash-generating assets are its interests in Western Gas Partners (WES), which transports and gathers natural gas for its parent, Anadarko Petroleum (APC).