Northern Tier Energy LP (NTI)

[pete807]

Thanks jugs for your vote of confidence... I went fishing for a few days to Canada and had no worries about the stocks. I may have to consider even more units at this low point. Sitting pretty good long term with the return of capital here. I just looked at the SA article from about 5 days ago that called for attention to the buying op here and then it fell another 10% or more since to $20. Then I looked at the RSI and it went below 20 Wed, (way oversold) and the price went to $19.79 Thursday. Then I noticed the Friday trade at 16:01:49 after the close for 695,189 units which represents two sides of a trade worth 14+ million dollars! institutional cooperation? It will be of particular interest if it gaps on Monday.
Along with CVRR at 14 I am a buyer here and holding dry powder. I will be very skeptical about any real or perceived bottom because the gaps are almost always filled if I miss one, meaning it will swing until the first refiner MLP announces Q4 earnings and even then Wall Street seems to go more with mob thinking than real facts we know about NTI.
All this means IMO this one will return a significant yield again 6 weeks from now. Where will the best buy point be? That's the big guess, but crude is buy no means stable yet with more possible downside than upside so we wait. GLTA!