There is a flurry of SA articles in my email about the takeover. It is clear that they think it will happen but after reading all of them I conclude that I should hold all my units until more information is available, I also will not buy more, so for now this one is done. I do not expect the price to drop a lot or rise a lot as we are now 1% above the takeover offer according to one of the authors. We could see the deal play out all the way to $30 in value as I suspected. Reason being NTI performs well and it will take time to complete the deal.
WNR may eventually be compelled to up the offer slightly.
Whatever the final takeover price is for NTI is I will add it to this months and February's "return of my capital". Then when its gone I will turn to the other two refiner MLPs and study them more closely. The current plan is: I will take some money off the table and try to swing trade them both. I will keep a core position in CVRR and have joined jugs as a moderator. ALDW may come down to where I will want to take a stronger position but their reversal of adding another refinery to the MLP will keep me cautious until something changes/improves over there. Both will be attractive during/after a turnaround quarter, as the variable nature surprises investors who don't get the bigger picture. GLTA!
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