volume-based business

1 articles
The Motley FoolThe Motley Fool··Matt Dilallo

MPLX Bucks Oil Rally: Why Midstream Giant Stays Flat Despite Iran Tensions

MPLX declines 1% despite oil prices surging near $100/barrel as the midstream company operates volume-based logistics with limited commodity exposure. Better viewed as 7%+ income investment than oil price hedge.
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