the distribution will level off, or get cut. whether or not they have to, they WILL level/cut because the market isn't rewarding them for good management. so Kelcy will take advantage of the mass MLP decline. an 11% yield is unsustainable. so be prepared.
I actually shorted this in june, after my broker indicated this management team was overleveraged. I was only in it to make a couple bucks, then buy back. never in my wildest dreams did I think I would make almost 40% on my investment. I would go long here but I think the merger and dilution will lower this to the low teens.