Sounds like a divvy cut on the horizon, much like KMI. And that's ok, .... even if they cut it 50%, I'd still temped to jump in at these levels.
From MF ....
"Plains All American's sky-high yield of almost 20% shows that wall Street thinks a payout cut is the more likely outcome. With the MLP facing the prospect of low energy prices continuing into 2017, I don't have much hope in the long-term sustainability of the current distribution to survive the current oil crash."
I'd like to know if anyone remembers what was being said around the end of '08 when we were at about these levels before.