Probably going to get another CEO of the year award.
repeal of oil export ban. Seems to me putting more oil into the global market will drive the price of oil lower.
I thought the EBITDA multiple was 8.6,lower than the usual 10x .Negatives of owning oil MLP's right now is the price of oil,the threat of interest rate hikes and weakness in the overall market. Positive of owning SHLX is a supermajor as a parent. Buy in the $20.'s and forget about it,collect distributions for years.
When they got the loan,it seemed like a positive.Then they put all that BK wording in the 10-Q and the 10-Q revealed that they would be in better financial condition if they shut their wells.Maybe Gary got another one over on the bankers.