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The midstream subsector is wholly out of favor and arguably deeply oversold. Yet, even within the most beaten-down areas of the market, there are extreme avoid or outright short selling opportunities. Just a few days ago, my opinion was that USD Partners (USDP) faced a high likelihood of extreme downside in its earnings power over the next few years. While currently propped up by a Canadian crude market characterized by an extreme lack of takeaway capacity, that dynamic appeared unlikely to persist in the long term. As a firm believer in the pipeline