Digging in..... and adding as is becoming more apparent:
DKL opened for business November or 2012. So coincidentally, the company history matches up with my five year requirement in terms of earning my endorsement.
The company has been a fantastic payer over the years, never failing to come up with a distribution. Equally important to this investor is that I see no juggling of numbers. Instead, the payouts have risen gradually and quite substantially, having paid its first one in February of 2013 in the amount of 22 cents and the most recent one announced last week came in at 71.5 cents.
You are right in drawing attention to the distribution basis "probably" rising regularly. It's a definite as it's clearly been the case.
A point I've got to make here:
It may be unfair not only to Delek but also DKL and ultimately all of us when we characterize DK as being in position to demonstrate a paucity of ethical handling. Any company can and sometimes will engage in ways some will label unethical. I was as much a cheerleader alleging NTI was guilty of improprieties when hooking up with WNR so I won't excuse myself in this diatribe. The fact is, though, that I would hope I'll be more open and fair-minded as we watch ALDW and DK process things already decided. It's important to me as the captain of my own investment "ship" as well as your moderator seeking to present an honest representation of information necessary if we and our readership are to benefit from our team effort.
Each of us will wrestle with his/her personal history and prior dealings much as I do. My weekend was a rough as things get. For fellow members here I need point out that Pete807 and I worked very closely daily and that helped me immensely. We played the Devil's advocate every step of the way, trying various costumes on and nixing one and then another and it wasn't until late Sunday evening that the veil seemed to lift.
It was only this morning about two hours into the session that we saw the market move exactly as we'd foreseen---with a massive dump in progress in both ALDW and NGL. That fact, alone, told me that we'd been on target with our prognostications. And while the day's turbulence was painful for us, it is reassuring any time MR. Market validates our suspicions as happened today.
And all this gives me confidence now as I sense is the case for you, too, pete807.
My prediction is that ALDW needs time to sort things through. Buoying the stock will be the allure of another distribution coming our way in January of 2018. NGL should decay further as disclosed on the NGL board. I say this not because it deserves to drop but for reasons of cyclicality I believe we've covered on the appropriate board.
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