Replies to post #441 on CVR REFINING (CVI)

[dubbya]

NTI's payout is 81% (using TTM earnings not forward earnings). CVRR's is 206% which is far above the required 90% payout so its due for a haircut IMO. They can handle a higher payout because their debt/equity load at 37 is better than NTI's at 72.

I don't like ALDW because of the high debt/equity ratio (157). I'd prefer NTI, then CVRR.

I just think there is a reset coming soon for MLPs and prefer to patient and wait a while for a better price.