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Timothy Smith

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Timothy Smith

Re: JMX_Trader post# 6

Monday, 09/21/2015 1:05:17 PM

Monday, September 21, 2015 1:05:17 PM

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A favorable IRS ruling for Westlake Chemical (WLK +5.2%) in 2012 fueled speculation that the MLP structure long popular among pipeline operators could be utilized by chemical makers, but the IRS in May proposed new rules that said petrochemical production would not qualify for MLP status unless it was part of a larger refining operation.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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