I note that you are getting no replys because the longs here do not like what you have to say. You are dead on bankruptcy is a definite possibility or reorg almost as bad for MLP holders. News could not be worse. No div, senior notes, perhaps more stock offering,then they say they are going to pay down debt and then say they may have to borrow more from the facility or eq that they are paying down and oil in the tank for the distant forever. I did not realize that they were so dependent on selling products to the oil drilling industry. If they survive it is dead money for well beyond the short term. Glad I am out at about $24 with a small loss about the time the KMI fiasco happened. I still like a few selected MLPs--HEP, TEP, CINR, EVA and KNOP. Given todays environment many are close to a ponzi scheme.
Old seasoned and battered investor
there are actually 2 articles on SA about CPLP. Both the authors are long the stock and give a very balanced and complete view and between the 2 give a good picture of the future for the company. Depending on how things go down they project a coverage ratio of 1.05 to 1.3 for the near to mid term for the stock. both are well worth reading.