The conversion of Calumet from an MLP to a C-Corp is a significant structural change that typically attracts a broader investor base due to the more familiar corporate structure and potentially more favorable tax treatment for certain investors. This strategic move, coupled with the anticipation of creating meaningful shareholder value and the tax-free nature of the conversion for unitholders, suggests a positive outlook for CLMT's stock in the short term. However, the actual impact will depend on the successful completion of the conversion process, unitholder approval, and market reception of the new corporate structure.