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When I sold off my position in DKL,

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jugs   Saturday, 07/21/18 09:01:30 AM
Re: None
Post # of 119 
When I sold off my position in DKL, I got $27.30/unit. Add in 75 cents received in one transaction involving a distribution and that means I effectively held my own with just a slight gain overall. This pick is trading now at $28. I placed the cash into NGL at $10.04 with a sweet gain of about $2.25.

Looking out at the barren field inhabited by DKL now, I believe that what I'm seeing is an unloved stock. That doesn't explain my interest in the stock, or lack thereof. This is good for steady income and a solid yield.


Those don't amount to sufficient qualifiers for me but certainly could offer allocation diversity for others.

My problem with DKL is one of distrust. Aside from issues emanating from the dissolution of ALDW and DK's denial of our right to the final two distributions, DK had announced on more than one occasion that there would be dropdowns resulting from the absorbing of ALDW assets---drops that would prove to be immediately accretive to DKL and, therefore, unitholders.

None of this has come to pass. That leaves a bitter taste in this investor's mouth.

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