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Refiners are taking a hit on an after-the-fact downgrade by Macquarie, but surely they will like...

Refiners are taking a hit on an after-the-fact downgrade by Macquarie, but surely they will like the latest EIA report showing a bigger-than-expected gain in oil (USO) inventories, and a far larger-than-expected decline in gasoline (UGA) stocks. A refinery-heavy ETF, PXE -1%.
Comments (3)
  • kgaider
    , contributor
    Comments (149) | Send Message
     
    Well Mquarrie failed to do proper research as CVI doesn't do ethanol blended fuels so it's not affected by RIN plus CVI has crack spreads locked in near the highs which is why they were able to increase div estimate on CVRR MLP from 4.72 to min 5.50 to 6.50
    13 Mar 2013, 10:56 AM Reply Like
  • zorro2828
    , contributor
    Comments (560) | Send Message
     
    These people that are selling obviously are not investors that seriously look at the differentials between Brent, WTI and Alberta Crude.. HFC should be soaring with access to Bakken and Alberta and PSX, is just about the best all round refiner with chemicals and pipeline that I have ever invested in ... So sell off, I will buy at these low prices and when "Sound minds" come to the table again, they will roar back!
    13 Mar 2013, 11:27 AM Reply Like
  • myplace11
    , contributor
    Comments (4) | Send Message
     
    My thoughts exactly. Lets not forget a recent 50% dividend raise, plus a 5th $.50 special dividend in the past 10 months.......
    13 Mar 2013, 12:12 PM Reply Like
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