thanks for good feedback met.
If you add yields to my spreadsheet the yield will generally track the
ratio rankings very close so the peer groups seem reasonable and not misleading ie high yields follow high OCF/debt ratios . I agree there are those long lead projects in development not generating operating cash flow and construction costs are "partially" funded by debt while under long term construction and once in operations ratios may improve, but likewise and offsetting for growth mlps, they tend to replace one project with another so ratios remain at stubborn levels for a long time and as borrowing costs increase it will eat up OCF plus there are those projects in construction that may be very slow to ramp up cash flow also. If ratio is high (say over 12-15 on a rolling 12 months) I would suggest yields will remain stubbornly high for those mlps compared to peers even when oil and gas prices recover somewhat