Northern Tier Energy LP (NTI)

[jugs]

There should not be much of a correlation to price/unit changes due to the passing of the payout for the past quarter. There's certainly no basis for concern regarding the $1.23 distribution. And there's the better part of the quarter yet to indicate expectations as to the next quarter's payout,

There will always be catalysts for change and it falls upon us to determine what those catalysts might be. Obviously, changes either up or down impacting the crack spread would represent such a potential for momentum change. Throughput is yet another item to be reckoned. And then there's the possibility of disasters precluding weakening production numbers that might portend difficulties lying just ahead. These are but a few such concerns.

I'm not seeing reasons for the unit price to drop immediately following the 5/30 distribution. In fact, I could believe investors may be stalking units as we speak, in order to get situated for future quarterly distributions. This is what many of us here are doing for we doubt these prices will hold up for long. As for units rising following the payout? The only catalyst I can believe is the wish to be on the receiving end on the next payday. And I see enormous potential for an encouraging capital appreciation development. All told, I cannot imagine a better place to be in as this is everything an investor wants.

Len