Williams Companies, Inc. (NYSE:WMB)
A natural gas company that finds, produces, gathers, processes and transports natural gas; also manages a wholesale power business and operations are concentrated in Pacific Northwest, Rocky Mountains, Gulf Coast, Southern California and Eastern Seaboard.
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Should go to $34 based on potential gas reserves in Rocky Mountains. Natural Gas is a strong sector. Be aware electric trading business could negatively affect results.
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This company has great potential given its current and future reserves in it's E
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PROFIT
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Strong Natural Gas company that should benefit from colder weather and depressed industry.
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Struggling back from its near-death experience in 2004, Williams has been rebuilding its credibility and stability in the marketplace. Before Williams fully recovers its market lustre, it could be a candidate for purchase. On the other hand, even if nobody comes along to buy WMB, people have to cook and people like to stay warm. Williams has substantial proven reserves and a success rate above 95% punching new wells to maintain production.
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One of the best NG distribution plays around....
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Smaller oil companies have room to prosper
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Energy transport isn't glamorous, but it's going to continue to be necessary.
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pipelines destribution in the northeast for heating oil and natural gas
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ON A P/E, THIS IS AN EXPENSIVE STOCK, BUT THIS WILL CHANGE WHEN THEY START PAYING OUT HIGHER DIVIDENDS AND DEMAND FOR NATUAL GAS INCREASES OVER TIME.
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What a great turnaround story!
This company had to shed assets to the core and refocus thier efforts. I predict a double in 3 yrs.
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