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Refiners are getting slammed as the Conoco (COP) deal will squeeze profit margins by eliminating...

Refiners are getting slammed as the Conoco (COP) deal will squeeze profit margins by eliminating some of the glut of cheap oil at Cushing. Phillip Dunham notes the rally in refiners was "all about the Brent-WTI spread, not organic growth. Nice job with late summer upgrades, sell side." Valero VLO -5.7%, Western Refining WNR -8.5%, Marathon MPC -6.1%.
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Comments (2)
  • thechaser
    , contributor
    Comments (521) | Send Message
     
    so that was the deal; CVX was snorting something at 108 plus the other day; but VLO is still a buy
    16 Nov 2011, 06:23 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4091) | Send Message
     
    Lol - no refiner there is now a good deal.
    16 Nov 2011, 07:55 PM Reply Like
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