After Noble Midstream Partners (NBLX) reported that Terry Gerhart and John Nicholson each resigned on Friday, August 9, as CEO and COO, respectively, MUFG analyst Barrett Blaschke said he sees the news as "a negative indication" and "a red flag" about parent Noble Energy's (NBL) strategic review of the midstream business. The partnership's ongoing solid results and healthy guidance have "been fully overshadowed" by the review and Noble being "incredibly tight-lipped" about the process, but Blaschke still thinks Noble Midstream has premium assets that should command a strong multiple in the event of a sale, leading him to keep an Overweight rating on the units.