MWE would not have a cash flow problem if they just cut back on new projects. And the completed facilities would still produce a superior distribution to the MPLX deal. I don't have a lot of shares, but I voted no.
I don't follow your reasoning. Seems to me that tanking on low volume is a lot better than tanking on high volume which means that the institutions are dumping large amounts. Going down on decreased volume is what you always want to see since it indicates that selling is decelerating.