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Haven't posted here since the first week of

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Current Report Filing (8-k) Edgar (US Regulatory) - 6/15/2021 12:42:46 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/14/2021 7:55:16 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/14/2021 7:51:13 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/14/2021 7:48:54 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/14/2021 7:42:50 PM
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® 30 MLP Index PR Newswire (US) - 6/11/2021 9:02:00 AM
Securities Registration: Employee Benefit Plan (s-8) Edgar (US Regulatory) - 6/10/2021 6:01:30 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/26/2021 6:00:46 AM
Fortress Transportation and Infrastructure LLC and Jefferson Energy Companies Announce the Successful Completion of the Palin... GlobeNewswire Inc. - 5/25/2021 4:17:59 PM
Delek Logistics Partners prices $400M senior offering Seeking Alpha - 5/20/2021 5:24:06 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/20/2021 5:11:14 PM
Delek Logistics Partners, LP Announces Pricing of $400 Million Senior Notes Offering PR Newswire (US) - 5/20/2021 5:01:00 PM
Delek Logistics Partners, LP shares down on raising $400M via debt offering Seeking Alpha - 5/19/2021 11:19:38 AM
Delek Logistics Partners, LP Announces Proposed Offering of $400 Million of Senior Notes PR Newswire (US) - 5/19/2021 7:41:00 AM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/19/2021 6:05:19 AM
Quarterly Report (10-q) Edgar (US Regulatory) - 5/7/2021 6:04:29 AM
Shareholders Elect ALL Delek Director Nominees at 2021 Annual Meeting PR Newswire (US) - 5/6/2021 2:38:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/4/2021 5:26:35 PM
Delek Logistics Partners EPS beats by $0.03, beats on revenue Seeking Alpha - 5/4/2021 4:32:32 PM
Delek Logistics Partners, LP Reports First Quarter 2021 Results PR Newswire (US) - 5/4/2021 4:15:00 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/30/2021 11:39:56 AM
Delek Logistics Partners declares $0.92 dividend Seeking Alpha - 4/30/2021 9:24:23 AM
Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.92 per Common Limited Partner Unit PR Newswire (US) - 4/30/2021 9:00:00 AM
Delek US Holdings to Host First Quarter 2021 Conference Call on May 5 PR Newswire (US) - 4/27/2021 4:15:00 PM
Delek Logistics Partners, LP to Host First Quarter 2021 Conference Call on May 5 PR Newswire (US) - 4/27/2021 4:15:00 PM
jugs   Friday, 03/23/18 01:30:21 PM
Re: None
Post # of 119 
Haven't posted here since the first week of the month so, herewith.....


Adding things up as I explained in a post on the DK board earlier this morning, I'm of the belief that anything that can happen in this market may well do just that, and sooner than we'd like. My overriding concern is that of protecting my ability to reorganize when the market takes a serious tumble for the worse. It will happen, I'm absolutely positive. And now is the perfect time to be prepared and it calls for preparing.

Thus it is that I just sold 300 DKL out of my former 700 units position. I lost a little on this trade but that's not propelling me, not in the least. What I'm seeing is that I no longer have any trust in the integrity of DK's management team. They didn't hesitate to screw us ALD@W unitholders out of our last two distributions prior to the February 7th completion of the merger with ALON USA.

And now as I move into more and more cash, I'm selling off assets in order to be in position to take advantage of any partial market collapse coming our way. As explained in the post at the DK board, I typically will maintain about $20,000 in dry powder in a checking account working in tandem with my Ameritrade brokerage account. It's an ACH-enabled account---meaning that I can process electronic cash transfers free of charge by authorizing either the brokerage or the bank to effect any desired transaction. ACH= Automatic Clearing House.

As of this moment I'm holding $150,000 in cash in the checking account. I've never maintained that high a level of cash readiness before, not in nearly a quarter century of depending upon the stock market for my sustenance.

In selling off part of my DKL positions, I'm setting cash aside as already stated. More notable than that, however, is my not trusting DK to act in my best interests. For that reason I'm no longer prepared to stand with the company.

Earlier on, I sensed ALDW assets would be dropped down into DKL. DK has very recently affirmed that this would be the case. But as I think about it, I'm realizing that DKL will never be anything more than an opportunity for management to enrich itself through the usual corporate means. It will probably occur on the back of holding DKL responsible for more than true drop-down values, thus---once again---enabling DK (the parent) to pimp with DKL both the bait and the victim. And for this reason I'm leaning towards vacating all things "DK" in their completeness.

This is not a company I can respect. Values are everything for me in my world. When I find I can't be comfortable in my skin and in the environments I inhabit, it's time for me to change my skin or my environment.

DKL is definitely not the company I'd earlier envisaged. And I don't believe it can rise to a higher standard as it's led by the same folks who never saw fit to publicly address responsibility for the issue of ALDW's final two distributions.

This is dirty business even for this retired Investor Relations VP.

My best to all here! I wish I had a happier message but it is what it is.


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