There has not been a link provided. It showed up on my screen through Benzinga, just a headline but jarring all the same. As one of our moderators has stated, it didn't involve injuries and it may not amount to much at all. I hope so.
Regarding post-distribution value drops.....the SEC mandates that brokerages reflect the amount of the discontinued distribution by dropping unit value on the opening of trading immediately following the stock's going ex-dividend. However, as has been amply noted on this board, we should expect to see a sizable correction going forward in an amount well more than the $1 we receive next week. After all, money sitting in any shares of any investment vehicle gather nothing but dust unless there's a scheduled payout pending or reason to expect sizable changes in capital appreciation. A $30 value placed on NTI makes sense but not today. A couple of months from now may pose a different story.
This morning I traded a couple of thousand units of NTI in for a similar amount of GE. So far, both decisions are paying off. I am waiting and watching CVRR and ALDW as I believe both will price lower over the next six to eight weeks. In my opinion, the current refining environment justifies positions in all three.
Best of good fortune to all!