Northern Tier Energy LP (NTI)

[bzusa]

OUCH - Just saw the 0 distribution news.
The metrics were bad but not that bad -
If I trusted WNR, I'd probably jump in for a short ride up on NTI.
Last quarter's crappy cs is improving and the Bakken/WIT differential has strengthened (just a bit).
But until I see otherwise, I have no faith in WNR's interest in us investors.

I sold my last holding last week (a REIT) and closed my short (NGL) today. Relative tons of ammo available.
I just don see NGL making money this year.
NG is still $2 so only the cheapest producers (Marcelles) will be shipping - I can't see much growth in the Rockies ng shipping patterns.
Oil transport may be able to pay the pipeline debts, but still I don't see much profit for them this year.
There should be another pps rocket when the pipeline actually opens.
So you- all will another chance to make the bucks.
I'll short again if NGL hits $13 again this month.