Introduction
The first half of 2020 has been a painful time for the unitholders of NGL Energy Partners (NGL), who have seen their distributions roughly half along with their unit price. Even after reducing their distribution by roughly half they still offer a massive yield of 16.29%; however, there are reasons to be wary of this otherwise enticing income. One of my fellow Seeking Alpha contributors has recently pointed out that they risk a covenant breach due to a counterparty bankruptcy. Even if they see a positive outcome and avoid this possible covenant