• Ocean Man
    On a day I dubbed "Buy a refiner day" at the open, $WNR rose 3.2% from the open, $VLO rose 2.2% from the open & $HFC rose 1% from the open.
    6/19/14
    Reply (10)
    • Ocean Man: $CVRR and $MPC did not fare as well, which is why I recommended those first three and not those other two.
      6/19/14
    • Derek Munyan: OM - why does the spread between Brent and WTI make the refiners go up?
      6/19/14
    • Ocean Man: Because they buy (crude) at WTI prices and sell (gasoline) at Brent prices.
      6/19/14
    • Derek Munyan: ok. thanks
      6/19/14
    • Energysystems: Any thoughts on the soon to be spinoff of Shell midstream?
      6/19/14
    • Ocean Man: I expect it would do well based on the success of the $PSX and $MPC spinoffs.
      6/19/14
    • det9: OM : you adding any?
      6/25/14
    • ls78: Any thoughts on the latest export concerns? Still holding the refiners?
      6/28/14
    • Ocean Man: No, just watching. I buy them when the spread expands overnight, sell when it contracts.
      6/28/14
    • Ocean Man: They probably deserved to fall a bit on the export news, and probably fell too much, as stocks tend to do.
      6/28/14