Northern Tier Energy LP (NTI)

[jugs]

You may be slightly underwater but you were quite smart to take advantage of things as you did. You had to have considered units would be dropping but you also recognized the value/importance of anticipating things just around the corner.

I just added 210u of NTI at $25.45. Obviously this is looking like a smart move with virtually no risk whatsoever.

I'm now sitting on 2,435 units of NTI with an overall cost basis of exactly $25.00 spread out over one general account and two IRA's. This is not near the size of earlier positions I've had and I mention this as these are, indeed, turbulent times for MLPs due to instability in the energy sector. Still, the guarantee provided by WNR's offer is obvious despite the possibility of severe diminution of the General Partner's share price. That said, I'm good with my current positions and ready to take advantage of a more dramatic swoon.

Good luck to you!