CS cut NSH price target to 22. CS now estimates distribution cut at NS to .94 and to NSH to .41; NS management trying cut expenses, mostly SG&A and looks other accretive deal like increased throughput or lower construction expenses, anything to delay the distribution cut.
IMHO just cut the distribution now and move on as this would relieve debt pressures. I read the last several quarterly NS report and DCF for several quarters around .71. Paying 1.09 is insane, and the market is telling NS / NSH to cut it now.