I think today's higher valuation is coming at the hands of ignorant investors who have read that refiners stand to pay out big distributions. Of course it's stupid but they don't know better. And they missed the boat. And their faces won't be the first to sport eggs dripping down.
One thing I know for sure is that I sold a few hundred NTI yesterday and today at great prices and grabbed NGL at far greater prices. It's a win-win and it doesn't get better than this.
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