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This had some big issues at $30 oil. The real fear was counterparty risks on their contracts, whether all their US producers, whether natural gas or oil, went bankrupt. With $50 oil, this is no longer the case. It was a great buy for anybody who picked it up a year ago. They recently sold their Canadian assets to pay down debt, and you can now look at this as more of a pipeline company. The easy money has been made.
(Caller referred to this as World Page COM but this does not show up. WPZ is actually Williams Partners, a pipeline company.) This has done very, very well. Stock prices near record highs. They make a lot of money and he is amazed that the balance sheet is not in better shape. He likes to see debt paid down when you have a chance to do it. If he owned this one, he would be looking at when to get out because it has had a great run.
Williams Partners LP is a OTC stock, trading under the symbol WPZ (previously WPZ-N on Stockchase) on the undefined (undefined). It is usually referred to as or WPZ
In the last year, no analyst issued a Buy, Sell, or Hold rating on WPZ (previously WPZ-N on Stockchase) on Stockchase. Read the latest expert commentary for Williams Partners LP.
Williams Partners LP was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Williams Partners LP.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Williams Partners LP.
Williams Partners LP is covered by Stockchase experts and is worth watching.