Northern Tier Energy LP (NTI)

[pete807]

My guess is they won't go back to the spreads we enjoyed before Congress repealed the exporting of crude. That said the freight via tanker ship will be there so shipping off shore will be more than the pipeline from permian to gulf coast refineries like ALDW, or pipeline to CVRR refineries in mid continent.
Drilling will return in ND by lower cost producers, Rig counts will come up a bit as crude oversupply fades and demand brings about a higher level globally.
Two MLP refiners remain:
ALDW with retail 7-11 stores and geographic proximity to well heads in Permian/ Eagle Ford, and CVRR with its two refineries, will have a volume throughput advantage along with storage and piepine assets. Both have MLP structure which has investor appeal, imo. I own both with larger position in ALDW, but added CVRR today.
I like both their chances and healthy payout possibilities through EOY, then I will rethink their winter cycle which is less earnings unless crude goes above 60-70 per barrel, giving a spread on their lower cost storage inventory. Politics and Canadian XL pipeline approval could be another factor, .... GLTA!