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Williams Partners (WPZ) is initiated with a Buy rating at Global Hunter, which likes WPZ's...

Williams Partners (WPZ) is initiated with a Buy rating at Global Hunter, which likes WPZ's attractive group of organic growth projects focused on the Marcellus shale and its Geismar olefins business. While 2012 brought heavy capex and equity issuance, the firm sees 2013-14 harvesting operating cash flow related to past spending, reduced capex and relatively light equity needs.
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