Alon USA Partners, LP (ALDW)

[jugs]

We both believe there's locked value within our ALDW units. And DK (DKP?) appears to be worth more as of late, too. Where we may disagree is on the consolidation area. You see, I'm not convinced there's a master plan afoot with designs of cannibalizing ALDW as happened with WNR devouring NTI. Sure, we all got burned either financially, in spirit or both. Still, that hardly makes for a precedent let alone a trend. And without a discernable trend, there's no possibility of momentum. This effectively removes an evidential basis for patterning on which deductions could be based.

Delek may just turn out to be good for us ALDW people. Until there's greater clarity, I can't expend a lot of energy pondering the impossible.

But I benefit from your concerns for I've learned to respect your conclusions which sometimes precede my own. That makes your search for deeper insightfulness valuable to all of us here.