For the first time since going public November 22 last year, Dallas, Texas based oil refiner Alon USA Partners LP (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 (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.
I think there is some upside on this MLP, possibly back...
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