Tortoise on Williams

Williams, ETE take on aggressive game plan after failed merger

Exclusive By Nish Amarnath
Williams Cos. Inc. and Energy Transfer Equity LP are redoubling the focus on their respective partnerships and growth projects as they try to heal from an acrimonious split.
Both midstream majors plan to sacrifice their own earnings to build up their master limited partnerships, Williams Partners LP and Energy Transfer Partners LP.
“I think both companies, as standalones, are very strategic,” said Rob Thummel, managing director and portfolio manager at Tortoise Capital Advisors LLC. “They got distracted for a while. The focus of both companies was not on what they did best, which is operating energy infrastructure assets. Now, the deck has been cleared for them.”
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