Western Midstream: Still A High Yielder But No Longer A High Grower (Rating Downgrade)

Core Viewpoint - Western Midstream Partners, LP (WES) has demonstrated strong performance over the past five years, justifying a Buy rating maintained throughout this period [1]. Group 1: Performance and Investment Strategy - WES units reached lows below $3, indicating significant recovery and growth potential [1]. - The investment strategy focuses on long-term holdings, aiming to maximize total return by purchasing assets when prices are low relative to intrinsic value [1]. Group 2: Analyst Background - The analyst has over 22 years of experience in the energy industry, with expertise in engineering, planning, and financial analysis [1]. - The analyst has been managing a personal investment portfolio since 1998, achieving returns that match the S&P 500 with lower volatility and higher income [1].