For Investors Only -- Williams Completes Its Split --

Update

Eric Fox, Investopedia, highlights WPX

Stocks with high upside potential -- SeekingAlpha.com. Twelve (12) companies listed, include AAPL and WMB.

Three paragraph review of the split -- SeekingAlpha.com.

Original Post

Link here.

Williams has completed the process of separating the company’s businesses into two stand-alone, publicly traded corporations. The company’s former exploration and production business, WPX Energy, Inc., will begin trading on the New York Stock Exchange today under the ticker symbol “WPX.”

The separation process was completed with the Dec. 31 distribution of one share of WPX Energy common stock for every three shares of Williams common stock held by Williams shareholders.

Williams, including its assets held through Williams Partners L.P., is now an energy infrastructure company focused on connecting North America’s significant hydrocarbon resource plays to growing markets for natural gas, natural gas liquids (NGLs) and olefins. Williams’ operations span from the deepwater Gulf of Mexico to the Canadian oil sands. 

Details to follow.

Remember, the pipeline company acquired minerals in seven (7) percent of the highly prolific Fort Berthold Indian Reservation in the Williston Basin.

So, now, WPX Energy, I assume will control that acreage.

And WMB will continue in the pipeline business.

So, if an investor had 100 shares of WMB yesterday, I assume they have today:

• 100 shares of WMB today @ $27 = $2,700
• 33 shares of WPX today @ $18 = $594
Total: $3,300

Yesterday

• 100 shares of WMB @ $33 = $3,300