Western Gas Partners Down 5% on Common Unit Offering - Western Midstream (NYSE:WES)

27% profit every 20 days?

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Western Gas Partners (NYSE: WES) is trading lower on the session following yesterday's announcement of a 5M common unit offering. The company said it is expecting to use the proceeds for general purposes including capital expenditures.Earlier today, Western Gas Partners announced that the offering is priced at $43.88 per unit. Barclays, Citigroup, Deutsche Bank Securities, Morgan Stanley and RBC Capital Markets are acting as joint book-running managers for the offering. Western Gas Partners is currently trading at $43.25, a loss of $2.15 or 4.74% intraday.

27% profit every 20 days?

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