MPLX

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cviller
Posts: 95
Joined: Wed Apr 06, 2011 7:44 am

MPLX

Post by cviller »

Dan,
Do you follow MPLX, the company Mark West merged into? Any thoughts? Thanks.
dan_s
Posts: 37277
Joined: Fri Apr 23, 2010 8:22 am

Re: MPLX

Post by dan_s »

It is now in our High Yield Income Portfolio. It is a first class midstream company, primarily in the Marcellus/Utica.
Dan Steffens
Energy Prospectus Group
cviller
Posts: 95
Joined: Wed Apr 06, 2011 7:44 am

Re: MPLX

Post by cviller »

Down 25% today. Distribution growth projections cut in half two months after the merger (secured with a $53MM parachute to the officers of MWE). Maybe business class, maybe an aisle seat in coach, but definitely not first class. There's a good article on it in today's oilandgas360.com.
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