ETRN - MLP Consolidation And Conversion Update: Structure Questions Likely To Subside For Now
By Stacey Morris
At one time, the hope had been that investor focus would shift to midstream fundamentals instead of questions around structure. It's a good reminder to be careful what you wish for. Conversations around MLP consolidations or C-Corp conversions have been replaced by a focus on fundamentals, but instead of the positive tailwinds in midstream, the questions surround how midstream companies will be impacted by today's lower oil price environment (see our recent research for related commentary). Amid the market volatility, investors may have missed a few recent structure and consolidation updates, which