SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (181295)11/13/2013 6:59:20 AM
From: Dennis Roth1 Recommendation

Recommended By
LoneClone

  Respond to of 206326
 
US Independent Refiners
Refining Consolidation Leaves Further Upside In WNR and NTI
13 November 2013 sendspace.com (804.52KB)

Bottom Line:
WNR's acquisition of the GP and 38.7% of the variable LP
units of NTI is a win-win. WNR buys the NTI units at a discount to our $29/sh
DDM. NTI benefits from a strong parent. We're surprised NTI units were not
bid higher. Inside we update latest DCF yields across the Refiner MLP's.