Is WLKP a good buy?
A value greater than 1, in general, is not as good (overvalued to its growth rate)….Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 25.60% |
| 2 | Buy | 19.21% |
| 3 | Hold | 10.85% |
| 4 | Sell | 6.62% |
What does Westlake Chemical Partners do?
Westlake Chemical Partners is a limited partnership formed by Westlake Chemical Corporation to operate, acquire and develop ethylene production facilities and other qualified assets.
Is WLKP a MLP?
Westlake Chemical Partners (NYSE:WLKP) is an MLP that acquires and operates facilities for the production of ethylene through the conversion of ethane. This allows MLP’s to offer income and yields that often surpass the average equity dividend yield.
What is ethylene used for?
Ethylene is used in the production of fabricated plastics, antifreeze; making fibers; to manufacture ethylene oxide, polyethylene for plastics, alcohol, mustard gas, and other organics.
Who owns Westlake Chemical?
TTWF LP
Westlake Chemical/Parent organizations
Is Westlake Chemical a Chinese company?
Westlake Chemical is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products, which are fundamental to various consumer and industrial markets….Westlake Chemical.
| Type | Public |
|---|---|
| Founded | 1986 |
| Founder | Ting Tsung Chao |
| Headquarters | Houston, Texas |
| Key people | Albert Chao (President and CEO) |
When did Westlake Chemical go public?
2004
Fast Facts
| Core Business: | Olefins & Vinyls |
|---|---|
| Production Capacity: | Approx. 40 billion lbs/yr |
| Founded: | 1986 by Mr. T.T. Chao |
| Public Company (2004): | NYSE: WLK |
| Revenues (2019): | $8.1 billion |
Is ethylene lighter than air?
Ethylene appears as a colorless gas with a sweet odor and taste. It is lighter than air. It is easily ignited and a flame can easily flash back to the source of the leak. Vapors arising from the boiling liquid are lighter than air.
