MPLX is a pipeline operator that is majority-owned by Marathon Petroleum.
Marathon Petroleum is owned by activist fund Elliott Associates.
Indirectly, the changes likely imposed by Elliott are benefitting MPLX.
MPLX LP (MPLX) is very attractively valued. It is also potentially a C-corp conversion, a popular theme since the changes to the tax code, and potentially an interesting driver of multiple expansion. It