Well I was wrong.
Will be interested in seeing what assets they are going to put into the MPL that can generate the 7 plus percent I feel the market will demand.
I can see the new gathering system in West Texas and the Bisti to Jal pipeline, which they sold the southern end last year (Bad long term move IMO) the terminals in Bloomfield, Albuquerque and Yorktown, loading rack in EP plus the four asphalt terminals. Maybe the wholsale side but do not see the retail and that is because I cannot find a MLP with retail stores as they do not have the steady cash generating abilities the terminals and pipelines have.
This will be interesting to follow and strictly opinion I do not see it happening.
Questions Please?? someone show me the connection from shares in wnr .. so if this works.. do we end up with additional shares? or a chance to maybe exercise some option ... to obtain the share in the trust, in the event they decide to do that??? NOR.. over my big boy pants here.. ???