Delek Logistics Partners (DKL)

[jugs]

Three reasons:

1. Dkl's volume is too anemic for me. Look at daily volume trading numbers and you'll see it. If it's hard to buy thousands of shares, won't it be a bitch to unload on a fine if wanted?

2. DKL is one of very few remaining MLP-like structures. While its five year record is cool, there's no way to predict its future. I'm not trusting Reagan's brainchild to remain viable even after 31 years.

3. DKL is expensive. The yield is better than that offered by DK but I'm betting that DK will be above $30 when ALDW is wiped off the books officially. That'll put a few grand into my pockets. And once the investment community accepts dilution at the hands of us ALDW people, DK will take off. I'm not into passive income too much so yields are very low on my totem pole. You flip houses WSR. I work for capital appreciation. Very similar.

By the way, I'm so comfortable with this that I'm prepared to go back into margin to add more DK if it goes on a fire sale basis in the near term. I have a 5,000 share ownership package in mind but it's not set in stone yet. I hold 2,000 now and expect 4,000 from the big swallow. Nine to ten thousand total shares sounds pretty good to me right now, given that my instincts are calling to me firmly.