Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Natural gas transporter Williams Companies
So what: Just yesterday, Williams announced that CEO Steve Malcolm, who served as chairman and CEO since 2002, would retire at the end of the year. However, Citigroup
Now what: Malcolm was instrumental in helping Williams recover from the Enron-induced collapse of the energy-trading markets in 2002. While his leadership will be missed, Williams is now chock full of attractive growth assets in all three of its businesses -- E&P, gas midstream, and gas pipeline. With Citigroup's price target still leaving decent upside even after today's pop, Williams remains a decent bet on natural gas, along with close foes such as Dynegy
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