- The rather under-followed Westlake Chemical Partners stood out from the field during 2020 by sustaining their distributions that still offer investors a high yield of almost 8%.
- On the surface, it initially appears as though they had a terrible end to 2020 with their operating cash flow decreasing significantly.
- Thankfully this was simply due to a one-off large $70m payment relating to force majeure events that made their cash flow performance abnormally lumpy.
- The financial position has never been stronger than during 2021 and thus they have ample scope to increase their distributions and pursue growth.
- It should be of no surprise that I will be maintaining my bullish rating following this solid quarter and their increasingly bright outlook.
For further details see:
Westlake Chemical Partners: Don't Worry, 2020 Wasn't Really Bad And The 8% Yield Is Safe