RE:RE:RE:Some bullish comments hereI agree, limited downside, large upside.
How much DCF will improve because of the ALA deal is unclear as they will lose $50mn in EBITDA. I think Management said that it will be accretive, however didn't quantify it, if I am not mistaken.
I also agree as to needed catalysts. The ALA deal closing by itself might not be enough. However, it will be a positive, removing any kind of uncertainty will be positive. Disclosure of HDRD hitting full capacity (by January?) might help as well as guidance for 2024. Ultimately I still think HDRD is the key because without that there is unlikely to be a material improvement in the DCF of TWM.