Credit Suisse downgrades Northern Tier Energy (NTI -2.2%) and Alon USA Partners (ALDW +0.9%) to...


Credit Suisse downgrades Northern Tier Energy (NTI -2.2%) and Alon USA Partners (ALDW +0.9%) to Neutral as part of a review of refiners after Valero's (VLO) conference call, where management continued to position RINs as a major 2014 hurdle and seemed less optimistic about Gulf Coast crude discounts until 2015. The firm also expresses EPS caution for variable rate refiner MLPs and VLO, ALJ and PBF.

Comments (8)
  • TruffelPig
    , contributor
    Comments (4184) | Send Message
     
    And that after their VERY recent glorious outlook? Credit Suisse - always WAY behind the curve ball.
    24 Jul 2013, 11:21 AM Reply Like
  • thomst04
    , contributor
    Comments (11) | Send Message
     
    hey truffel what do you mean by glorious outlook?
    24 Jul 2013, 11:29 AM Reply Like
  • Qniform
    , contributor
    Comments (3835) | Send Message
     
    Credit Suisse has loved this sector.

     

    NTI - Outperform repeated as late as 6/12/13
    PBF - Outperform 'til 7/24
    ALDW- Outperform repeated as late as 7/10/13
    ALJ - Neutral 'til 7/24
    VLO - Restricted 'til 7/24 (they were advising on banking)
    25 Jul 2013, 01:34 AM Reply Like
  • rheimerl
    , contributor
    Comments (457) | Send Message
     
    all "old news" as usual
    24 Jul 2013, 11:53 AM Reply Like
  • Pinkrabbit
    , contributor
    Comments (198) | Send Message
     
    Didn't know what "RIN's" meant. For those that do not know like me found the following:

     

    RIN is short for Renewable Identification Number and is a renewable fuel credit. A RIN credit is a serial number assigned to each gallon of renewable fuel as it is introduced into U.S. commerce.
    24 Jul 2013, 01:11 PM Reply Like
  • User 10001171
    , contributor
    Comment (1) | Send Message
     
    Feel pretty good. Just sold all my shares two days ago, after reading an article in Seeking Alpha.
    24 Jul 2013, 03:57 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4184) | Send Message
     
    Well, you timed it perfectly wrong with WTI so high......WTI is going down.
    25 Jul 2013, 09:49 AM Reply Like
  • Qniform
    , contributor
    Comments (3835) | Send Message
     
    Yeah, well feeling good would better apply to selling 4 months ago before a 30% sector wide drop (if you're trading).
    25 Jul 2013, 12:43 PM Reply Like
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