Replies to post #6 on Westlake Chemical Corporation (WLK)

[Timothy Smith]

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.