Northern Tier Energy (NTI) sheds 4.8% premarket after announcing last night a quarterly...

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TruffelPig Comments (3247)
 
No, it doesn't. The annualized yield is calculated using the median of the two and would be around 19%. Regardless of that, MLPs usually do not give an 17 or 19% yield. There is upside I would say. Not sure why people sell when they get $1.27/share. Stock had a big run up though; my shares are up >20% right now.
12 Feb, 08:17 AM Reply Like

rheimerl Comments (166)
 
i think nti was in "straight up" mode the last week or so. Some thought the distribution would be higher than the previous $1.48
12 Feb, 08:24 AM Reply Like

TruffelPig Comments (3247)
 
Well, now only 2% down PM. Recovering quite nicely.
12 Feb, 08:26 AM Reply Like

rheimerl Comments (166)
 
i will "buy" the distribution if it falls below $28
12 Feb, 08:31 AM Reply Like

Crude Oil Trader Comments (281)
 
We find it more attractive at 1.27 the we did at $1.48, adding to our position.
12 Feb, 09:02 AM Reply Like

dhdhoora Comments (157)
 
Exactly. The $1.48 also covered a period of 5 months -- from IPO to EOY. Uh, sadly but most 'investors' are too lazy too lazy to figure that out. We'll have one more divie for Q1- probably in the same $1.27 range -- then they will take down the refinery for major overhaul. So, I would expect very little dividend for Q2, then back to roaring 'normal' by Q3...

All the very best,
Don
12 Feb, 09:40 AM Reply Like

DanD79 Comments (22)
 
No, the $1.48 covered two months, from IPO to end of 3rd quarter. This payout was for 4th Quarter.
12 Feb, 11:33 AM Reply Like

TruffelPig Comments (3247)
 
They will only have a short interruption of 10 days now - they replaced the take down later in the year. So the impact of this will be in the next distribution.
12 Feb, 11:52 AM Reply Like

walker6713 Comments (66)
 
Also they spent 30 million on expansion. That works for me. They are a variable distribution company, they will share profits, but will not pay what they don't have. They will use some profits for growth. This should be a real winner.
12 Feb, 10:21 AM Reply Like

darylfs Comments (174)
 
NTI's earnings are riding the perfect wave: A huge price advantage on feedstock coming in from the Bakken and Canada to their St. Paul, MN refinery vs. East Coast refiners dependent on Brent Crude, insufficient refining capacity in the Upper Plains, and good demand. I don't expect this can last, but NTI's location will allow a few dollars/barrel in transport cost advantage after the East Coast refineries have switched sourcing to domestic crude brought in by rail. NTI will continue to reward investors until the Administration and the EPA abandon their unstated policy of resisting American Energy Independence from OPEC.
12 Feb, 04:21 PM Reply Like