MPLX's Excess Cash Dynamic Slows, Lower Prices Might Be Coming

MPLX Financial Position - MPLX's net cash balance has slowed, and management is now spending the entire amount of cash generated [1] - No strong improvement in cash balance is expected in the near future [1] - The company plans to explore a portion of the cash for potential uses [1] Analyst Background - The analyst has decades of investment experience, including surviving major market crashes such as 1987, 2000, and 2008 [1] - The analyst uses trading systems developed with TradeStation and has experience in both buy-and-hold and trading strategies [1] - The analyst has a professional background as a process control engineer and holds a JD from an eastern law school [1]