Replies to post #1620 on Northern Tier Energy LP (NTI)

[pete807]

No RIG, but I took a beating last year on SDRL... used a loss to offset another gain for tax but I would rather have paid on a gain, lol. RIG kiss of death was big dividend cut... 80% .75 down to .15 quarterly. It should rebound and is rated a buy but I suspect it will take a few quarters of increasing numbers and dividend return to at least .50.
With NTI we all know there won't be a consistent payout, but the yield has been spectacular. Seems these refining MLPS are rewriting the MLP story going forward... Many of the traditional energy MLPs are fighting negative opinion and debt management issues. GLTA!

[jugs]

Not I, on the subject of RIG. I played it about a dozen years ago but not recently. And I'm not one to get too close to stocks that showing hugely controversial personality unless I've figured something out on my own and move to get the jump on everyone else. And I can tell you this---I just looked up the short side and find it is incredibly shorted to the tune of more than 32%!!! I don't think I've ever seen anything like that. I won't get near it.

I'm watching NTI right now and will be a buyer at $24. CVRR @ $19.50. ALDW @ $24.50.

These are approximate numbers. Also, I'll be buying in bundles of no more than 200 units unless the dip is well below my designated price points. Even then, I'll be buying carefully as any number of things can rock the market in general and the oil sector specifically. In other words, I don't want to find my enthusiasm emptying my wallet. Better to contain emotions, right?

[catdaddyrt]

I do not own RIG