$13-$14/unit should be in the cards over the next couple of weeks.
With successive quarterly payouts firmly established, I believe ALDW will now be finding itself firmly in the hands of more strongly committed investors. The MLP audience ought to have turned away long before this morning's news out of CVRR but hopefully it will be tuning into ALDW which has been cranking out $$$ thanks to its loyal unitholders for four quarters running.
We are done with the two weaker quarters of the year for a refiner. Summer driving results will present themselves in months ahead. In the ALDW corner is asphalt sales. These are cranking up and Texas highway repairs are only part of the scene as ALDW sells to states beyond its own borders.
As I noted elsewhere, maintenance accounted for 16¢ being removed from our Q2 payout just announced. This suggests that we might be receiving very hefty returns over the next couple of quarters. I could believe we might get 75¢ which would make a lot of us happy.
If I had powder I'd be placing orders tonight for ALDW to be executed right out of the gate in the morning. I'm positive units are moving much higher over the next few weeks and tomorrow may be the last opportunity to strengthen your hold on your desired position. Not everyone will have heard the distribution news just released and some will be willing to let go of their holdings, albeit foolishly.
Good luck, everybody! Tomorrow is going to be a wild day for some of us for sure.
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