NTI rocking some volume today and about to go over 1m shares for the day. I was hoping it would stay down until after TPLM announcement tomorrow so I could capture pop here and then trade for some depressed NTI but NTI has recovered nicely today. Fools sold on the divi announcement. Thought hard about tapping margin for a quick trade after the 5% drop but couldn't convince myself to do it.
The Refinery improvement project has a cost of 29 million and will increase flow capacity by 10%. I am thinking this is being paid for from cash flow and came out of the distributions. Could be wrong on that but company indicated they would have pay back by first quarter of 2014