NTI or Northern Tier Energy LP is a MLP. Northern Tier Energy GP LLC operates as the general partner. The GP has more than 1 refinery. The LP or MLP is diversified with a refinery in St Paul Park Minnesota, producing 89,000 BPD, a pipeline storage segment, a bakery and more than 150 conveyance stores.
NTI or Northern Tier Energy LP the MLP own and operate 1 refinery. NTI refinery is 1 of four refineries in the Upper Great Plains area within the PADD II region. There has been talk to add a second refinery to the MLP assets. So far it has not happen.
To note: There are 4 refineries in Minnesota or PADD II with the same process capabilities, but own by another concern.
NTI as well as ALDW are a MLP with assets limited to 1 refinery. These refineries are totally dependent on Crack Spread and more particularly discounted to the crude oil price. These refineries are inland, away from the GOM. The discounts are totally dependent on the pipeline trough put going to the GOM. The case of NTI is based on the Minnesota gas stations; ALDW is dependent on the 200 plus gas stations in Texas, New Mexico. NTI depend on the Bakken discount price where as ALDW depend on the Eagle Fort Midland WTI production.
So have your pick, NTI is a good potential. I have made a killing with ALDW. Timing is essential versus xdate. The down side with these MLPs is a fire in the refineries. You cannot see one coming. When it comes, the units drop like a brick, you have to be following these MLPs every days, all the time.