Tristan R. Brown
Alternative energy, long/short equity, commodities, energy

A Rough Q3 For Alon USA Energy

Executive summary

Poor operating margins resulting from a narrow WTI-Brent price differential and low WTI crack spread caused refiner Alon USA Energy to report a net loss for Q3, substantially missing analyst estimates. The company's share price was further hurt in mid-October by the news that the company's planned restart of its California refine...
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