FANG - Rattler Midstream: Sliding Away From A Rough Quarter
Rattler Midstream (RTLR) survived the second quarter despite a stock market price that figured otherwise.
Source: Seeking Alpha Website September 4, 2020
Clearly, the market appears to believe that the distribution was in danger. Mr. Market has been a slow learner about midstream results in a downturn. Unless that downturn persists for years, the midstream crowd will be relatively unaffected by the downturn. Yet the price action suggests a major future impediment to business that necessitates a distribution cut followed by a long struggle. Even a cursory review of the financial statements reveals that nothing