Over the years on the earnings call, there have been a couple of times when analysts ask them directly, are you investment grade and the answer is a real quick response, yes we are, they are asking that question I think because of the way it’s organized, it’s all LLC corporation’s limited liability per unit, and the market looks at it as a bunch of little tiny refineries in the Market. I think they want to look at it as one singular company instead of being all these small units, and yes, they do make money and make quite a bit for size however, there’s a problem the float is simply too small.
In the old days, a small float looked good to investors however, the way hedge funds operate as a single pack they can take down just about any company If you have a much larger float diversified, it becomes more difficult for them to wreck have it on companies.
