Introduction
It would not be too much of a stretch to imagine that many unitholders in CNX Midstream Partners (CNXM) were quite disappointed when their distributions were reduced by 80% earlier in 2020 when the Covid-19 economic turmoil struck. Whilst this has left their current distribution yield at around only 5%, the yield on cost would jump to a very high 25% if their previous distributions were reinstated one day in the future. Admittedly, this does not appear likely in the short term; however, they are well-positioned in the medium term once operating