Plains All American recently announced “a strategic review of the distribution policy" meaning a likely 2nd distribution cut. How'd they get here? A weak supply & logistics segment earnings, & substantial equity issuance to fund an acquisition & growth capex kept pressure on leverage & coverage.
from Forbes Real Time http://www.forbes.com/sites/tortoiseinvest/2017/08/16/whats-next-for-plains-all-american/
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