Introduction
It was approximately three months ago that I published an article covering my investment thesis for the largely underfollowed ethylene producer, Westlake Chemical Partners (WLKP). They stand out favorably in a wide field of high-yielding Master Limited Partnerships that are hereon referred to as MLPs. Although their unit price has increased during the last three months, they still offer a desirable high distribution yield of around 9%. This article reassesses the original investment thesis against their new financial results to ensure that they are still tracking in the right direction, whilst also