Very interesting, indeed---ALDW is rising! I've been expecting it would drop today and I'm not about to abandon the notion. However, there have been times over the years that found a stock going ex-distribution, recapturing some of the previous day's close differential. I think it may be a reflection of investors wanting to see it's a straight shot ahead without the encumbrance of a pending distribution. Too, I think some will want to set themselves up for the last ALDW distribution while also securing an eventual move into Delek through the announced swap now pending and expected to complete in Q1 of 2018.
For what it's worth, I'm not convinced we will be in a receiving line when it comes to that final distribution. I don't trust Delek to be quite so generous, given that we aren't exactly asking to be swallowed whole! They've got to recognize there's plenty of animosity in these here parts and nothing other than money will soothe the savage money-hungry heart. I expect them to be as stingy as the law will permit.
My personal plan is to add NGL on any serious dip which may well occur over the next five to six weeks. And I won't hesitate to unload at least part of my ALDW holdings although not a whole lot inasmuch as the tax consequences for me would be terrible, given that my cost basis had been $8.08 and as of today being ex-distribution day, it reduces down to $7.65.
I hope everybody thinks these things through very carefully so that you'll derive maximal benefit from our boards.
Good day to all!
