Chris Damas
Contrarian, newsletter provider, commodities, industrials

Alon USA Partners For A Speculative Trade

For the first time since going public November 22 last year, Dallas, Texas based oil refiner Alon USA Partners LP (NYSE:ALDW) is trading below its original $16 IPO price. (Alon USA Partners should not to be confused with its 81.6% owner Alon USA Energy (NYSE:ALJ).) ALDW hit an all-time low of $14.31 on Monday. I watched it stabilize, and with the announcement of a 4 million barrel draw in gasoline stocks by the EIA this morning, watched it firm up around $14.95 and closed at $15.56 on 412,000 units traded, which is the average daily volume over the past 50 trading days.

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I think there is some upside on this MLP, possibly back...

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