Thursday, November 16, 2017 12:46:20 PM
True, trading volume is paltry, at best. But that need not mean I shouldn't hold a position. I just need to scale position size to what will become executable, should the need arise.
That said, I picked up another 100 units today and now hold 200 units of DKL with a cost basis of $28.50 or a dime above the prevailing price/unit.
Something we might want to think about is the bottom line effect of dropping down assets into DKL, an event-in-waiting already announced by DK, the General Partner for DKL. There should be no doubt as to this becoming instantly accretive to DKL's bottom line. With that in mind I'm expecting to continue adding here, knowing full well that I may elect to tap out should NGL go on fire sale level or some other pick do so. DKL, for the moment, represents a petty cash drawer.
It can't possibly hurt me to place a smallish amount of cash into this pick paying about 10% yield. The active investor engaging in frequent trades could do far worse than taking a position in DKL.
Is it money being placed into a passive fund of sorts? Sure, it most certainly is. So what? Is that bad?
I think not. None of us can be sharp or smart all of the time. Having a bit of a cushion sitting in the background undisturbed will probably result in some nice distribution money accumulating. This frees me up for dealing with far larger positions in other picks. And a position of just over a few hundred units is most likely going to fetch about $1,000 annually with more to come following the dropdowns from ALDW.
This is interesting and I'm thinking I may have been hasty in not reserving a place for a very modest outlay of cash.
Ponder, everybody.
Recent DKL News
- Delek Logistics Partners, LP to Host Third Quarter 2024 Conference Call on November 6th • Business Wire • 09/18/2024 10:50:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:43:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 12:01:09 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 12:00:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 12:00:39 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 12:00:29 AM
- Delek Logistics Partners, LP Announces Closing of H2O Midstream Acquisition • Business Wire • 09/12/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/26/2024 06:25:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 01:01:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 08:06:01 PM
- Delek Logistics Partners, LP Announces Pricing of Upsized Offering of $200 Million of Additional 8.625% Senior Notes Due 2029 • Business Wire • 08/13/2024 10:07:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 01:05:59 PM
- Delek Logistics Partners, LP Announces Proposed Offering of $100 Million of Additional 8.625% Senior Notes Due 2029 • Business Wire • 08/13/2024 12:50:00 PM
- Form SC 13D/A - General Statement of Acquisition of Beneficial Ownership: [Amend] • Edgar (US Regulatory) • 08/07/2024 09:20:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/07/2024 08:07:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 07:17:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 11:06:33 AM
- Delek Logistics Reports Record Second Quarter 2024 Results • Business Wire • 08/06/2024 11:00:00 AM
- FEMSA to enter the Convenience Store Industry in the United States • GlobeNewswire Inc. • 08/01/2024 12:40:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/30/2024 08:50:32 PM
- Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.09 per Common Limited Partner Unit • Business Wire • 07/30/2024 08:30:00 PM
- Delek Logistics Partners, LP to Host Second Quarter 2024 Conference Call on August 6th • Business Wire • 07/03/2024 05:09:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 12:13:26 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 12:12:39 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 12:12:27 AM
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