MAGELLAN MIDSTREAM PARTNERS, L.P. (MMP)

[Kaseymoe]

I was pumping gas at HvVee gas station - affiliated with the HyVee grocery chain. A gasoline tanker truck was nearby and I asked the driver which terminal he was out of - expecting to hear Phillips or Kaw as local terminals I'm familiar with.

He replied, "Magellan". I'm sure he didn't expect me to know of Magellan but I told him I knew that company and in fact was a shareholder. He took that in stride but I doubt that one out of a random 1000 people would know anything of Magellan.

I knew the company had storage operations in the Fairfax District of Kansas City, KS. Did not know it was a terminal for finished gas and diesel products and distribution point for gas delivery companies - this one was Groendyke.

MMP went above $50 in July and I was hopeful it was there to stay but not the case. Precipitous drop below $50 and now at $45.66 this Monday morning 9-26-22. I'm long term so it doesn't matter much to me and the next dividend will buy more shares if it remains below $50.