Northern Tier Energy LP (NTI)

[jugs]

WNR is down some today. $25.68 is the number unit holders of NTI would receive right now if the WNR deal were consummated. This recognizes 22.66% of the WNR share a moment ago plus $17.50.

This isn't nice at all. NTI is ringing the $24 doorbell. But I believe it is about to jump sizably for it merits a considerably higher unit price. So much favorable press is coming out in favor of holding and buying NTI---it all points to the wisdom of hanging tough as things pertinent to the proposed acquisition by the General Partner are fleshed out and we have greater clarity.

I've long maintained on this board that I see a value in the $31-$32 range. We are artificially down today because of a lot of misunderstandings governing the oil and gas sector. That tells me $25.68 is hugely disappointing. If the deal goes through I would expect a government investigation. If one did not occur, I'd be thinking collusion of a nasty sort.