RE:ex dividend todayCracks at PGR appear to be holding north of $60/bbl on gasoline/diesel. I see MSW at US$60 or C$75 and a barrel 50/50 of reg/USLD at ~ C$137 for C$62. The narrow differential and relatively high WTI prices should help the hedgebook in Q1, too.
DCF generation in Q1 will likely be in line with Q4, cracks and volumes appear to be consistent quarter over quarter. With deadlines coming up for Pioneer and the PGR renewable expansion, maybe we finally start getting news out of TWM this spring and summer.