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Re: ETIn Q1 ET's proforma distribution coverage was 2.07x and I thought the leverage ratio was in the 4.5x neighborhood. The possibility of violating loan covenants seems pretty remote. Maybe they are waiting for the Lake Charles project to come into focus. That will be expensive so my guess is they will plow that money back into projects and forgo buybacks and dividend hikes. |
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Msg # | Subject | Author | Recs | Date Posted |
102946 | Re: ET | ARB | 2 | 5/22/2019 7:59:37 AM |