Northern Tier Energy LP (NTI)

[bzusa]

The most recent posts have been appreciated -thanks
As of today, 11/5
The PADD II CS is down 15% y/y and down 25% q3/q4
The Bakken/ WTI differential is down 75% y/y and down 45% q3/q4 (but has begun to widen)
The WCS/WTI differential is up 35% up y/y and 15% q3/q4
For the most part NTI profits on this side of the equation are lower.
Throughput is another matter.
At this time, q/q inventory non-cash earnings adjustments are not a factor - yea!

I’m not happy about a buyout, I’m not a fan of WNR, and I think it’s a done deal at the current offer.
I don’t think that ALDW and CVRR have NTI’s potential.
Asphalt is all good, but cheaper inputs are much better.
Last month I predicted the divi would be >$1 and am sure happy it is.