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Why I Sold Par Pacific Holdings

Aug. 02, 2021 4:08 AM ETPar Pacific Holdings, Inc. (PARR)BP, CVX, DK, DINO, MPC, PSX, VLO12 Comments


  • Par Pacific was initially intriguing as a niche oil refiner with unheralded positions in Hawaii and Wyoming (and now Washington).
  • The company wrote down its entire investment in Laramie Energy, and at March 31, 2021, liabilities were a steep 86% of assets.
  • While the refining sector has improved, sector economics alone are not enough to rescue this company. 2Q earnings will be announced August 4, 2021.
  • This idea was discussed in more depth with members of my private investing community, Econ-Based Energy Investing. Learn More »

Industrial zone,The equipment of oil refining,Close-up of industrial pipelines of an oil-refinery plant,Detail of oil pipeline with valves in large oil refinery.
Ammarin Amhong/iStock via Getty Images

Par Pacific Holdings (NYSE:PARR) is expected to report negative earnings when it announces second quarter results after the close of business August 4, 2021. This $986 million market cap company owns niche refineries in three states: Hawaii, Washington, and

Data by YCharts

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This article was written by

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Long ideas for energy investors

Do you want to understand and invest in volatile energy markets? We bring fundamentals-based insights to oil, gas, utilities, renewables, and gasoline companies for real-world investors.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CVX, MPC, VLO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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