Delek Logistics Partners (DKL)

[jugs]

Between you and me, I think we run a risk of siding with DKL when it is nothing without DK steering the lead ship in the convoy.

DKL will grow more quickly in the near term than would have been the case were it not for DK dining on ALJ. It was in that spirit that I took my DLK position...knowing that dropdowns would only reinforce the positives already in place. Unitholder sustainability will come, surely, from the continued high yield low-hanging fruit just sitting there for any to grab and enjoy.

However, DK is and will remain the parent of DKL and that tells me it would be an enormous mistake to let go of DK once the blush has left the rose that DK is. I continue to hold about half of my ALDW position for this reason and have encouraged others to do so as well.

Just as DK has brought ALJ into the fold and now ALJ's child ALDW is facing the big swallow thus finalizing the acquisition, there's no doubt in my mind but that there will be other big deals in the offing once this one is fully digested.

DK is a holdings company. It will cease to exist profitably unless it can continue on the acquisitive path. I expect that it will continue on the acquisitive trail, enlarging its footprint as it moves to become the behemoth it envisions.....that we all might envision. It is that vision that I'm really buying into, and not the quarterly allowance paid to supporters. I'm a supporter, myself.

Just don't call me Jacques.

lol