Alon USA Partners, LP (ALDW)

[jugs]

I see only diminishing asset value in ALDW. DK has already announced ALDW assets would be dropped down into DKL. That represents---for me---bloodletting. Mind you I'm merely taking DK's comments at face value, nothing else.

I'm not seeing anything real propping up ALDW's price at this time. But I am seeing opportunity elsewhere as in DK. And I'd be in DKL were it not for the low trading volume numbers.

It's not about the numbers for me---it's the reality that ALDW is dead. It may look alive but only on the breath of DK. It will not self-sustain meaningfully for all deals must go through DK. ALDW no longer has an identity. It's price is gasping for air and I expect it to crash before long. That surely won't happen in the case of DK.