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Tuesday, October 13, 2015 2:15:18 PM
I'm not making much sense out of this information. Two of our MLPs are about flat, keeping in mind that the Barclays upgrade yesterday was probably the primary driver pushing ALDW. It was higher, still, early today but has gone the way of crystal radios. With NTI testing lower waters, I'm leaning towards this as part of the churn I've been noticing. After all, with no news out there to affect the NTI price, what else might explain noticeable drops or rises in unit price?
If this is the case, then I'd be watching to see if NTI tests the $23.50 area in the next few days. And I could believe a simultaneous drop in ALDW to $23. The Icahn connection may be enough to support CVRR at something above $20 but I'm guessing here.
Heck, I'm guessing on everything but it's all I've got to go with.
C'mon, folks---help me out here with your ideas!
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