RE:RE:RE:RE:Short positionA rising WTI price would increase drilling activity around Pipestone, making an expansion of the facility possible, but until Pioneer closes they don't have the ability to fund any sizable expansion.
Given that their hedgebook as of Q3 is a net liability of $51M, I guess they were betting on higher oil prices. Playing out various commodity price scenarios in my head doesn't move the needle much on DCF for 2021, but does change sentiment.