Northern Tier Energy LP (NTI)

[jugs]

Premarket for NTI was not looking good. Units were pricing at $26.45 so I tossed in a sell order for 200u at $26.65 which approximates the WNR offer, more or less, when factoring in the Q3 distribution now locked into my account as we're past the ex-D day. The order executed almost immediately, telling me not all was kosher if basing things on the showing computerized transactions. I find that odd.

My thought at this moment is that we're seeing revulsion on the part of the investment community. I think a lot of NTI folks are pissed and it's showing by devaluing the unit value. It is silly if not impetuous to take it out on one's portfolio, given that units continue to hold value regardless of the outcome of the tender offer. These units should not be valued at less than the standing offer on the table. The offer is the absolutely reliable bottom and thus support point. There are very few other absolutes in the trading world other than for the undying opportunity to lose your money. lol