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Northern Tier Energy LP Message Board

wcsg122 1 post  |  Last Activity: Jan 27, 2016 10:13 PM Member since: Mar 10, 2013
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    Showing relative strength today

    by nkvbradenton Jan 27, 2016 11:21 AM
    wcsg122 wcsg122 Jan 27, 2016 10:13 PM Flag

    The buyback of over 30% of the float is huge and is what attracted me to look at this beaten down MLP a lot closer. When I looked, I also discovered this MLP has several projects just now coming on line and they only got the benefit of the Delta House project for 20 days versus coverage of new common unit issuance. A full quarter would appear to add another $6 million in EBITDA from Delta based on their reported purchase price at 5x EBITDA . Since 90% fee based, the 2016 guidance shouldn't be affected too much by lower oil and gas prices, but it is $250,000/qtr. for each 10% move in oil and the same for Nat gas. Anyway, I like the chances here for a strong rebound once oil and gas commodity prices show some semblance of stabilization. You can already feel the upward pressure on unit prices, and longer-term, when this is thinly traded on low float, it will move up big on any good news. Anyway, just a new position holder adding my 2 cents. GL

    Sentiment: Strong Buy

23.13+0.29(+1.27%)Feb 12 4:00 PMEST