Replies to post #1724 on Alon USA Partners, LP (ALDW)

[Alpine600]

Sitting in a pub in London downing pints and catching up on days of interesting posts on our ALDW.

I’m not sure why people believe ALDW materially diverges from 0.49 exchange factor. The press release I read called it a definitive agreement and it passed DK’s Conflicts Committee (whatever that is exactly I’m not sure but it sure sounds official). The fact a number of people are selling today and stock is holding up shows that Arbs are probably picking up slack, ie spread is only 7 cents wide. While ALDW may cease to exist it remains a synthetic financial instrument tied to DK price and to that degree I’m pleased to see DK up nicely today. I’m open to idea I missed something but that’s how I interpret it.

I would fully agree that no further distribution should be expected by unit holders, or at least that’s a conservative assumption.

Looks like it’s time to start exploring some of the other companies being discussed - interesting times!