Northern Tier Energy LP (NTI)

[jugs]

I believe units dropped around $1.11 settling at $22.70, give or take a penny or so. As others have stated, this is part of a relinquishment and has no meaningful bearing on the company itself. I added a lot of units in after-hours trading, more than I should have as I've exceeded my budgeted amount, Worse, if units drop below my $22.73 threshold, I'll have to pick up some more in the morning.

I can defend it in part because of the distribution to be received, bringing these units down to a purchase price of barely above $22. In my opinion this is an incredible steal. In fact, if we annualize the Q2 divvy we get $2.72---and this is most likely the worst showing we could possibly get in the next several quarters. Dividing this amount by $22 tells us the actual cash dividend comes to 12.3% making the yield closer to 13%.

That is one fine return on this investment.

Jugs