Northern Tier Energy LP (NTI)

[pete807]

Refiners with more storage will really make money on the way back up in oil price, whenever that happens. Meanwhile there will be inventory write down here as oil continues to stay low or go lower.
That said, we like these MLP refiners for their commitment to handing us partners the built in windfall while it remains. With the chance of NTI going away from this little subset... reducing its number by 33%, means to me this window was an opportunity and good fortune at least for a while. It is still puzzling why we got the opportunity to be partners in the first place.
I am especially amazed at the lack of concern over turnaround downtime at CVRR which has analysts predicting no payout. These plays seem to be marching to some totally different drum than I am hearing. Maybe the NTI deal has eyes looking at all three and a small amount of support is built around the idea that they ooze money and are attractive takeover targets.
I think that when the announcement comes from CVRR there will be a dip worthy of adding to my 1k shares. I can wait one quarter for the return of high yield. However I should have and may still convert to cash. I got busy and distracted when I was thinking about it after I read about the downtime this quarter. We should all keep a file on planned maintenance to help us with trade strategy. It appears most traders don't pay that close attention.