Northern Tier Energy LP (NTI)

[jugs]

I'm not at all surprised due to legalities involved. The WNR deck is stacked against the retail side and they've got to move with extreme caution. This is probably going to be a painfully slow process but I expect WNR to prevail. And I don't think we'll see much by the way of beefed up counter offers.

My only real concern is that the exits will be filled to the max when the deal favoring WNR is done and their offer will be the lone support basis for NTI units. However, I've let go of a lot of NTI and put it into ALDW which is sporting a fat amount of capital app plus a virtually equal distribution.

There are ways to play this without feeling like a sacrificial lamb. And while I won't ram it down anyone's throat I will admit to feeling a bit sheepish about it.

Is this shear (sp. intended) nonsense?

Len (o' Lynn)