Dividend And IncomeThe lack of income likely precludes many institutional investors with mandates that require at least a dividend from holding XPLR shares.
Execution And Growth RisksThere is limited ability for units to re-rate higher due to absence of clarity on future growth prospects, risk around execution, and timeline of return of capital and distributions.
Strategy And Growth UncertaintySignificant uncertainty around XPLR's longer-term strategy, growth potential, and functionality raises concerns.