Northern Tier Energy LP (NTI)

[jugs]

The decline in throughput has me thinking we're going to see a distribution drop of between 15-20%.

While I continue to hold a lot of NTI, I view ALDW as being more promising, given the blurry picture we have, due to WNR.

It should be noted here that I work at making money via distributions and flipping. If NTI announces a distribution of $1.20, I might be a buyer in anticipation of flipping the day before it goes ex-D. High yielding distributions are less meaningful to me than taking advantage of changes in cap. appreciation.

Adding strongly today to ALDW makes sense to me as there's greater clarity in that than I'm seeing in NTI. But as you point out, this could change quick as a wink.

And that's why I continue to hold a lot of NTI.