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Boardwalk’s Stock Drops Like a Rock – Trouble in Midstreamland? | Marcellus Drilling News
Boardwalk Pipeline Partners, a Houston-based midstream company, suffered a massive stock drop on Monday (down over 40% in one day) after announcing a big drop in revenue and earnings and lowering cash distribution some 81%. Boardwalk's stock recovered slightly yesterday--something traders refer to pejoratively as a "dead cat bounce"--meaning when something drops so far from