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peter165

peter165
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  • Since when is Macquarie such a market mover? Its downgrade of Valero (VLO -4.4%) is hitting refiners hard; the firm thinks the government's forced usage of biofuels is causing unintended consequences that will negatively impact refiners and may result in high RIN prices. Ratings for Holly Frontier (HFC -2.5%) and CVR Energy (CVI -3.3%) are cut too. Also: TSO -2.9%, WNR -3.7%, MPC -1.5%[View news story]
    Valero makes ethanol too! Its govt stupid policy.
    Mar 14, 2013. 02:08 AM | Likes Like |Link to Comment
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