Northern Tier Energy LP (NTI)

[jugs]

I was thinking more simply than you give me credit for---as in the all-cash option which, at this point, is terrible.

Proration is also terrible. As much as I was reluctant to vacate NTI, I'm feeling a bit relieved now that it's done. NGL is living up to its tradition by reaching for the moon.

And a pick I launched yesterday is SDLP. Another high yield that just cut its distribution by more than half. However, it is committed to shelling out 25 cents/u. You might check out the board. Don't make the mistake of thinking it's SDRL as that is very different and isn't a limited partnership paying a distribution of any sort.

This is one of the most widely recognized companies in its space. They operate all over the world. From "The Street":

SDLP BUSINESS DESCRIPTION Seadrill Partners LLC owns, operates, and acquires offshore drilling units. The company primarily serves various oil and gas companies. As of March 31, 2015, its fleet consisted of four semi-submersible drilling rigs, three drillships, and three tender rigs

Tender rigs aren't drilling rigs, they're support platforms for drilling operations----beds, supplies, personal areas for crew members and the like. Units are running at $2.45. I have just 1,500u so far and am waiting for the price to drop back to $2.15 so I can double down. That's my cost basis, btw. Like MDR, I see this as a no-brainer, just gotta be willing to ride out the current storm and hope things turn around starting in October as my sixth sense is telling me.

Now, if only I could count. lol

If I recall, you've still got some NTI. Will you continue to hold or will you bail at some point?