Most MLPs have a tendency to drop a little in their price per unit once the people have had a chance to jump on grab a distribution and then sell off. I wonder how low RGP might drop to over the next 6 months?
The 4Q earnings were poor. Quite disappointing given the projects they have, however, should note that they will have additional projects coming online, plus volume ramp ups, but clearly they have a lot of work ahead of them to get back to 1.0x coverage.
A drop down of assets from ETP might help get them back in good shape.