Western Refining, Inc. (WNR)

[pete807]

Thanks... I expected it to come back a bit and it was headed that way this morning, down to about 37.30. I first considered a position at a little under 37 when the news of the acquisition was fresh, but lack of DD kept me in the wings. I have been reading everything I can find. Now the Brent/WTI spread I am hearing will narrow?, with Iran's oil back in the market. Will margins for the US refiners be under pressure? Retail gas is up about a dime this week no doubt partially due to travel demand.
Last Friday's published futures for Brent, January are over $111 and very close to that after hours today. Appreciate any analysis...
I parked substantial money last December in NTI and have been following since. Been good so far, yielding about 20%, (payout plus appreciation). I added when it dipped after the fire. I am now curious to see what WNR will do effecting unit holders. A minimum return to 10% yield seems likely over there, and here, improvement in WNR should be collateral as they were wise to acquire NTI.