Midstream Contract Mess Shouldn't Have Been A Surprise |
| March 10, 2016 | March 2016 Bond Updates |
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A bankruptcy judge’s ruling yesterday freeing Sabine Oil & Gas from expensive gas-gathering contracts wasn’t just a defeat for the midstream pipeline industry. It was a defeat for the efficient-market theory, since midstream master limited partnerships plunged after news of the ruling came out yesterday afternoon, even though her decision could hardly have come as a surprise to anyone who read my coverage or any of the other articles predicting how she’d rule. |
| View more at: http://www.forbes.com/sites/danielfisher/2016/03/09/midstream-contract-mess-shouldnt-have-been-a-surprise/ |
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