Keith Stanley

“First, I wanted to clarify the SEC project you're sanctioning today. Does that include the SEC extension line up to the Nashville area? And then if you could comment at all on the phasing for both SEC and Permian Link, you know, they start up in the fourth quarter of 2030.”

“I wanted to ask on the three and a quarter times pro forma leverage disclosure for next year. It seems a bit high to me. So if you had $33 billion of debt at the end of Q2, you're paying down $5 billion with this deal.”

“I wanted to dig into the Cactus III economics a little more. So your Permian CapEx this year is only up $35 million. You have the $40 million earn out. So it kind of implies the Cactus III project is call it $50 to $75 million, which would be a really high return for you guys.”

“I wanted to dig into the Cactus III economics a little more. So your Permian capex this year is only up $35 million. You have the $40 million earn out. So it kind of implies the Cactus 3 project is call it 50 to 75 million, which would be a really high return for you guys.”

“First one of the start, it's obviously very early days on this proposed million barrel a day West Coast pipeline backed by the government.”