New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2014
06:33 EDTACMP, WPZ, WMBCiti sees potential upside of 25% in Williams Partners reverse merger
Citigroup said its analysis indicates that a reverse merger by Access Midstream (ACMP) of Williams Partners (WPZ), with a simultaneous buyout by Williams (WMB) of the remaining 50% interest in Access Midstream's general partner, could offer a 15%-25% premium to Williams Partners unit holders while increasing Access Midstream's distribution CAGR thru 2017 from around 17% to around 23%.
News For WPZ;ACMP;WMB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
April 24, 2015
18:03 EDTWPZWilliams Partners Geismar plant consistently producing ethylene
Williams Partners announced its Geismar, La. olefins plant resumed consistent operations in late March and is expected to produce ethylene at the base plantís production rate through May. The process to achieve its full expanded production rate will be ongoing through June. The expanded plant was ramping up when a new transformer that supplied power to a plant expansion compressor unexpectedly failed. The transformer is being repaired at the original manufacturerís facility. The plant continues to improve production rates due to the ability to use equipment installed as part of the plantís expansion. The plantís expanded production rate is expected to be reached shortly after the repaired transformer is re-installed. Base ethylene production capacity at the plant is 1.35B pounds per year and the expanded capacity is 1.95B pounds per year. Williams Partnersí share of the total capacity of the expanded plant is approximately 1.7B pounds per year. The partnership will provide an update on the status of the plantís operations during a scheduled April 30 investor conference call.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use