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MPLX
Posted: Wed Jan 20, 2016 3:36 pm
by cviller
Dan,
Do you follow MPLX, the company Mark West merged into? Any thoughts? Thanks.
Re: MPLX
Posted: Wed Jan 20, 2016 3:50 pm
by dan_s
It is now in our High Yield Income Portfolio. It is a first class midstream company, primarily in the Marcellus/Utica.
Re: MPLX
Posted: Wed Feb 03, 2016 8:52 pm
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.