Northern Tier Energy LP (NTI)

[jcwillis]

Prospectus Indicates They'll Be At About 37-38% Ownership...

...after the sale of units at $22.85.
Not so sure it is really a Market over reaction.
Whatever the offering, typically the Market goes there.
Somewhat different in that there is no dilution.
But, it is an offering at an apparent discount.

Although, the offering is giving away about $8mm in divies.
I suspect these will be gobbled up before Aug 19.
Three days to clear before the divie date.

Once the "all sold" announcement, should see upside.

As far as future sales, it is anyone's guess.
Only the insiders might know about future offerings.
Maybe depends on how many of their buds they want in on this.