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Strategies & Market Trends : Value Investing

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To: Jim P. who wrote (40070)11/19/2010 4:14:36 PM
From: E_K_S  Read Replies (1) of 78744
 
Hi Jim - So this is the long term plan for WPZ

Williams Partners to Significantly Expand Midstream Presence in Marcellus Shale

prnewswire.com

- Partnership Agrees to Acquire Cabot Oil & Gas' Midstream Assets in Susquehanna County, Pa.

- New Dedicated Gathering Agreement Reached with Cabot

- Significant Gathering System Expansions Also to Begin in 2011

From the article:"...The partnership has also agreed to a new long-term dedicated gathering agreement with Cabot for its production in the northeast Pennsylvania area of the Marcellus Shale. The 25-year agreement covers an area of mutual interest that currently includes 138,000 gross acres...."

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Still think WMB is the better value just for their 76% interest in WPZ. Hopefully WMB will raise their dividend. Both are on my watch list.

EKS
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