Seeking Alpha

The best is yet to come for U.S. refiners, UBS says

  • UBS analysts say the best is yet to come for U.S. refiners, believing growth in U.S. light oil production from shale risks overwhelming the country’s ability to absorb the barrels with the potential for a price blowout in the difference between Brent crude and Louisiana Light Sweet, with refining stocks as big beneficiaries.
  • With oil prices hovering near $100 mark and the busy summer travel season coming soon, demand should only increase; if refinery investors get the spread blowout many are looking for by Q4, the firm thinks it could get exciting for the top names.
  • UBS top refining stocks to buy now: CVRR, NTI, PSX, TSO, VLO, WNR.
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Comments (9)
  • bapop@yahoo.com
    , contributor
    Comments (23) | Send Message
     
    no mention of possible exporting of oil
    4 Apr 2014, 11:47 AM Reply Like
  • pegriffith
    , contributor
    Comments (3) | Send Message
     
    why export if there is sufficient demand here?
    28 Apr 2014, 05:05 PM Reply Like
  • RoberHD05
    , contributor
    Comments (78) | Send Message
     
    Wasn't the whole idea of the pursuit of domestic sources of oil and gas to relieve our dependence on 'foreign" oil? Why would we want to export this? Possibly a whole new industry could come out of storing the current over-production for future use.
    4 Apr 2014, 12:39 PM Reply Like
  • zoeshamu
    , contributor
    Comments (9) | Send Message
     
    Why indeed! We would export the domestic oil and natural gas (byproduct from fracking) where currently a majority of natural gas is being burnt off (e.g. wasted) and if allowed to ship to Europe (as an example) will be beneficial to the US, and allows Europe to be weaned off Russia's stranglehold.

     

    See link -> http://n.pr/1hoDdCM
    4 Apr 2014, 01:53 PM Reply Like
  • hivoltage
    , contributor
    Comments (460) | Send Message
     
    Gulf Coast crack spreads for Q1/14 were a dismal ~$10/bbl and Cushing inventories are drying up causing the Brent/WTI to shrink to ~$5 .
    UBS must be pumping refiners so they can try and unload them quick .
    4 Apr 2014, 05:54 PM Reply Like
  • Continental Kid
    , contributor
    Comments (230) | Send Message
     
    Most refiners are buying their oil at below the WTI price...and have been for the last two years....that's why they have run up so far...

     

    long VLO and PSX....best of luck to all
    4 Apr 2014, 07:24 PM Reply Like
  • busterbrown
    , contributor
    Comments (157) | Send Message
     
    How about MRO (Marathon Oil)?
    4 Apr 2014, 08:55 PM Reply Like
  • User 13555802
    , contributor
    Comment (1) | Send Message
     
    anyone know where the original UBS research can be found?
    5 Apr 2014, 10:19 AM Reply Like
  • Anasazi101
    , contributor
    Comments (1757) | Send Message
     
    User......802
    You may be able to click on the first "hi-lighted" part in the Article...
    "the best is yet come for U.S. refiners."..(it pulls up)
    Article from 24/7 Wall Street by Lee Jackson.

     

    Working through that, may get you closer to what you are looking for from UBS.
    Or maybe UBS has it's own website like ubs.com ?? good luck..
    6 Apr 2014, 10:34 AM Reply Like
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