NGL Energy Partners LP (NGL)

[jugs]

A lot of us await further guidance as to how Delek will be handling the assimilation of ALDW set to complete in the first quarter of the new year.

The only concrete information I'm looking at right now focuses on two items:

1. Incoming distribution due from NGL and ALDW.

2. Changes in Delek's preliminary offering of 0.49/ALDW unit in exchange for a single share of Delek (DK).

Other than for the above, I'm watching intently for post-distribution pricing erosion normally expected and, of course, NGL is my focus as I want to capitalize on my expectation of a large drop for purposes of adding NGL on the cheap.

We also need to watch Delek Logistics very carefully as DK has made it clear that DKL will be a recipient of drop-down assets gained through the acquisition of ALDW. It amounts to a consolidation and I'm convinced it further strengthens DKL, making it a likely candidate for rising valuation.

Take a look at DKL's payout record. Pretty impressive going back five years. I didn't go back further. Something impressive is how the company managed to remain stable in terms of payouts even during the energy crash of 2015-2016 in particular.

This is the sort of stuff I'm questioning now as it seems to be the time to explore our options. However, I'm not so upset with DK as I'm realizing it's easy to indict the company for being self-serving. It's dumb of me, really, for that is the #1 priority of ALL publicly traded companies!