Friday, December 01, 2017 6:06:00 PM
IMO the .43 was as low as DK placed executives could make it with good accounting and legal help on preparing the consolidation of ALDW into DK. CVRR paid .94 after a 6 quarter moratorium on ANYTHING.
We could get .15 or twice that but the window that created the spread as Harvey went by the gulf coast was not open wide too long and tighter spreads came back I think. That said I think ALDW is performing well and will for DK in 2018. I am not counting any chickens just yet... Both DK and ALDW consolidated and pulled back today. They will march higher going forward, imo.
If you moved some or all of your units and reinvested the money you have likely made gains in those new picks as well and are not seeing red at this point. I still hold almost half of my position and it has strengthened along with new positions in DK, DKL plus ETP, and adding to NGL with reinvesting dry powder.
GLTA!
"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-
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