Katusa sold at $1.08 ...Marin Katusa on Aug 22 recommended taking the tax loss on Pipestone at $1.08. He figured the larger caps are so cheap right now, that you don’t need to take any execution risk. Not to mention they all are paying juicy, sustainable yields above 8% (or higher in some cases such as 12-14% yield).
The best dividend payers and key refiners he was still "watching" late Sept were Philipps 66 (NYSE: PSX), Marathon Petroleum Corp. (NYSE: MPC), Valero Energy (NYSE:VLO) and HollyFrontier Corp. (NYSE: HFC)
I wonder how that worked out for him? ;-)