Why Pfizer, Medivation, GM, and 2 Other Stocks Have Investors Talking

Traders Cautious on the Latest News Over Williams 

With the start of another week, traders are keeping their eyes on Williams Companies Inc (NYSE:WMB) and Enterprise Products Partners L.P. (NYSE:EPD) after Reuters reported last Thursday that Enterprise Products had approached Williams over a potential merger in the summer. Because the value of the offer was not disclosed and Enterprise Products ‘has not pursued the matter further,’ Williams shares haven’t rallied much on the news. Given that energy prices have firmed up due to fundamentals and OPEC jawboning, there are more reasons to own each stock regardless of whether a merger occurs or not. Although a merger between the two would help offset the negative effect of Energy Transfer Equity LP (NYSE:ETE) withdrawing its offer to merge with Williams Companies, the latter company’s value to shareholders can improve organically if natural gas prices rebound.

At the end of June, 58 funds were long Williams Companies Inc (NYSE:WMB), while 28 had bullish positions in Enterprise Products Partners L.P. (NYSE:EPD), according to Insider Monkey’s database of 749 13F-filing funds.

Disclosure: None