2024-07-20 11:30:42 ET
Summary
- Summit Midstream has restructured debt, lowered interest expenses, and boosted cash flows after asset sales in Marcellus Basin.
- The company's conversion from an MLP to a c-corp will broaden shareholder base, potentially leading to material stock appreciation.
- With a new capital structure, lower interest rates, and potential for higher multiples as a c-corp, SMLP stock could double in the next twelve months.
Impact of Refinancing and New Corporate Structure:
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Summit Midstream: Refinancing And Conversion To C-Corp Could Mean A Double In The Stock