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Northern Tier Energy LP Message Board

  • thokie1 thokie1 Sep 22, 2013 8:19 PM Flag

    Fire, refinery outage, falling PPS

    Should drop on open, may be good buying op,

    Sentiment: Buy

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    • Yeah, GREAT buying opportunity for this ONE trick Pony stock.
      Really GREAT prospects with ONE rickty refinery
      Back up DA Truck Waldo!.

    • "Fire broke out in a crude-oil processing unit at the Northern Tier Energy refinery Sunday morning, bringing firefighters from three departments, who brought it under control by midafternoon.

      No one was injured in the fire at the St. Paul Park Refining Co. refinery — formerly the Marathon Oil refinery — and the unit, where crude oil is processed into asphalt, was the only part of the refinery that was shut down.

      Firefighters were called about 11 a.m. and had the blaze under control by around 2 p.m., said Chief Kurk Lee of the St. Paul Park Fire Department.

      The processing unit sits on a 25-foot-by-25-foot concrete pad and has a 50-foot-tall smokestack."
      This is from the Star Tribune newspaper

      The unit that has some damage appears to be be used in the asphalt processing.. Time to buy

      Sentiment: Buy

    • Don't you think management would at least put out an update on the situation; when they will be back up, lost time calculation, etc, etc. Great buying opportunity, though !!!

      Sentiment: Strong Buy

    • The fire was in an atmospheric bottoms pump. This is not a serious issue and I doubt it will result in much of a reduction in output. This pump moves the reduced crude to the vacuum unit and since they have two crude units they will work around the problem. They are taking their FCCU down anyway and don't need the Cat Feed. They should be able to get the unit up fairly quickly once they replace the pump. I doubt if much damage was done to the crude still or distillation tower.

    • RIDGEFIELD, Conn., Sept. 22, 2013 /PRNewswire/ -- Northern Tier Energy LP (NYSE: NTI), a Delaware limited partnership ("Northern Tier Energy" or the "Partnership"). Ridgefield, CT.

      Today at approximately 11:30 am Central Time, our St. Paul Park, MN refinery experienced a fire in one of its crude units that originated at a reduced crude pump. The fire was brought under control and completely extinguished by 2:16 pm Central Time by the refinery's Emergency Response Team and the St. Paul Park and Newport Fire Departments. The refinery has begun to investigate the cause of the fire and is assessing the damage. The Company anticipates providing an update after more information has been gathered.

      All personnel have been accounted for and no injuries have been reported. The refinery has notified all applicable federal, state, city and county agencies.

      Sentiment: Buy

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