Westlake Chemical Corporation (WLK): A favorable IRS ruling for Westlake Chem...

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Westlake Chemical Corporation (WLK)

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Re: JMX_Trader post# 6

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

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

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.

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Recent WLK News

Houston Methodist and Westlake Launch Pilot Program to Recycle PVC Materials • Business Wire • 09/04/2024 01:00:00 PM
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