Seeking Alpha

The market is "overly excited" about a banner Q3 earnings season for oil refiners, Citi says in...

The market is "overly excited" about a banner Q3 earnings season for oil refiners, Citi says in downgrading Valero (VLO), Marathon Petroleum (MPC) and Phillips 66 (PSX). While the U.S. refining fleet should maintain structural advantages, the firm thinks these are already priced in over the long-run (I, II). Credit Suisse also raises concerns about the sector facing tighter margins this winter.
Comments (1)
  • richardx
    , contributor
    Comments (122) | Send Message
     
    Buying back in on PSX at $36.
    17 Sep 2012, 07:18 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|