Koch refinery? Did that deal go through? The recent acquisition of WNR gives TSO the St. Paul Park refinery that was an independent MLP (NTI) for a couple years during the Bakken boom. Lots of retail and vertical integration was included.
The Flint hills Koch refinery is the only other Mn refinery and is a lot larger than the St. Paul Park one. The two also share the Mn pipeline coming from Clearbrook in NW Mn and its Bakken/Canada connected Enbridge line.
TSO is taking advantage of some great opportunities in their sector. In a wait and see decision I took shares of WNR and now TSO hoping fair value would happen. The refinery did very well as an MLP, and now will bring lots of new cash flow to TSO. $100 is just a stepping stone, imo, as energy gets back on track and US rigs return to action. GLTA!
-pete
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-
