Chris Damas
Contrarian, newsletter provider, commodities, industrials

Alon USA Partners Suffers From Low Crack Spread

Alon USA Partners, LP (NYSE:ALDW) or "Alon" continues to make new lows, hitting $13.20 per unit yesterday, before closing at $13.29 on 379,000 traded.

Most of the other oil refiner stocks were also down, including other oil refining MLP units such as CVR Refining (NYSE:CVRR) and Northern Tier Energy (NYSE:NTI).

(click to enlarge)

I was asked by a reader to update the prospects for Alon, owner of the Big Spring, TX oil refinery, as I wrote about this MLP as a speculative long trade a month ago here.

Here is a snapshot of relevant energy prices as of Friday, September 20. Source: U.S. Energy Information Administration.

Wholesale Spot Petroleum Prices, 9/20/13 Close Product ...
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