Tuesday, June 30, 2020 7:50:59 AM
Debt reduction is the priority.
Covenant violation is not an issue.
The recovery of the distribution from the 50% reduction is an excellent probability.
The deferral of growth projects, combined with cost reductions, enhances cash flow available to pay down debt.
The partnership has an excellent location in some low-cost basins.
---The Happy Trader
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