I'm with you on ALDW, realized it would be the smarter choice if we lose control over NTI due to WNR's 38% held now and likely as not a greater percentage forthcoming---even without this proposal going through.
WNR's payout history isn't terrible, paying about what GE does and I've got a nice bunch of that. However, my cost basis in GE is ridiculously low as I began during the banking crisis and kept part of my original stake despite skimming healthy profits along the way. But WNR is just another company whose stock has reflected increasing value and is loved by analysts. But not by me.
Actually, WNR's payout history isn't so bad if you like getting paid in pennies. I prefer the drama of an MLP, regardless of payout history. Today's news, for example, is hardly bad although I sense we both might prefer that the situation hadn't arisen.
I have a feeling the cards are already stacked in favor of WNR/s proposal. The Committee, legal beagles, insiders negotiating for us---they'll clean it up to clear SEC issues and hurdles but I won't be especially trusting of the process as nobody takes care of me like I do. I've been adding units of NTI lately without thinking about WNR. It's been solely a case of liking NTI and feeling comfortable in having handled my positions sensibly.
Why do you point towards ALDW and not CVRR? Is it the asphalt connection alone?
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