You've done very well indeed, I'm positive.
A GTC of mine shagged 200 u's of ALDW this morning at $9.30. Your order should have executed. Great price-setting, by the way.
Using NGL money, I've been able to build up my ALDW position to 4,900 units with a cost basis of $10.17. Nothing against NGL, mind you, just that ALDW is one of those rare instances that speaks so clearly to what we should expect around the corner. The time for refiners is fast approaching. This is a cyclical thing and seasonality will always prevail, influencing valuations.
At this point in time, however, the market as a whole doesn't seem to be glancing at ALDW's price. I'm not glancing either,I'm buying.
ALDW is now. It's not likely to get much cheaper. I'm always ready to dive in when there's a fire sale. And one of these days not far off, there'll be an article in Barron's or the WSJ or Seeking Alpha--- insisting that ALDW is going to resume its well deserved ascending slope because it's a refiner with a good amount of throughput, because 10% of its business is directly tied into asphalt work, because it's been growing organically (transportation of hydrocarbon substances) and in other measurable ways. Also, mind you, internal repairs and investigations have concluded. Formerly these were broken down into two distinct amounts of work, either of which would have impaired any quarterly distribution. Both amounts of turn-around work have been completed and we unitholders are positioned to reap the harvest.
ALDW is a screaming buy in my opinion and it is at the head of my must-buy list.
My expectation is to continue adding and selling most or all later this year. Meanwhile, I'm looking forward to two distributions at a minimum along with strong appreciation. Owing to my low cost basis, even a $15 valuation would hand me a $25K bounty plus distributions received along the way. What's not to like?
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