Northern Tier Energy LP (NTI)

[bzusa]

EIA has had that been saying that for months.
Average regular price in M/SP was $1.96 yesterday, low of $1.83 (Costco)
SA right in the middle.
The crack is still way down y/y.
Not getting any better.
Refiners are at 94% utilization
Gasoline imports are up a bit.
the Bakken/WTI diff shrank even more.
If cl stays below $40, NTI's will have to take that old non-cash charge on inventory
.


Most refiners got hammered today (not ALDW). TSO -5% WNR -4%
Credit Swiss revised 4th q earnings down for the sector.
There new NTI estimate is down 'bout 45% from the previous.
They also lowered NTI's pps to $30 (fm $34) in '16 - so I guess I could have waited it out. Maybe I can get back in real low.

I sold all my NTI last week at $27.34,is a +10% winner.