RE:AAR and Bartwell.... pretty sharp in my drawer. Been reading your stuff for years....
My take is that during AAR meetings, one party claimed something amiss, without the benefit of substantiating evidence. Meeting postponed an approval of some kind, based on the existence of the claim. This coming meeting seems to signal that the party who claimed something amiss has still failed to come up with the evidence. And so, there may be a possibility, slim, but a possibility, that an approval may occur for another Kelso product.
While I'm here... just like to share a thought that there has been, is, and will be, zero chance of any 'buy out' or 'takeover'.
And, if you track oil tanker car transports in CDA and USA, 2019 is as good as or better than previous recent years. Tanker attrition rates (replacement rates) bode well for Kelso on a 'go forward' basis, even if 2019Q2 is nasty.