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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (38929)	11/15/2010 11:47:36 AM
From: E_K_S	Read Replies (1) of 78702

Williams Companies, Inc. (WMB) November 11, 2010 Williams to buy Bakken oil acreage for $925 million finance.yahoo.com From the article:"...Natural gas producer and pipeline company Williams Cos Inc (WMB.N: Quote, Profile, Research, Stock Buzz) agreed to acquire about 86,000 acres in the oil rich Bakken shale for $925 million, in a bid to minimize impact of weak gas prices on its bottomline...." =================================================================== That's $10,755/acre. The price per acre is getting pretty expensive. I wonder if they are late to the party of they have other revenue streams they are considering (like gathering, processing & transportation) in this transaction. EKS

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