Westlake Chemical Partners LP: Undervalued MLP Affiliate with Stable Distributable Cash Flow Profile

Westlake Chemical Partners LP (WLKP) is a deeply undervalued opportunity in the chemical infrastructure sector. The MLP affiliate of Westlake Corp., WLKP operates a streamlined ethylene production business with long-term contracted arrangements, providing a stable distributable cash flow profile. With an intrinsic value to price ratio of 2.0, WLKP may be worth 2 times its current market price under conservative assumptions, making it a notable margin of safety for an income-producing infrastructure-style chemical asset.