Wells sees resilient demand for oil products - lifts refinery profit forecasts

Mar. 23, 2022 2:59 PM ETVLO, MPC, SAAFY, PBF, PARRBy: SA News Team7 Comments

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  • Wells Fargo analyst Roger Read published a bullish note Wednesday, lifting refinery earnings estimates amidst resilient demand and skyrocketing margins.
  • The analyst raised Marathon's (MPC) 2022 earnings estimates 37%, PBF's (PBF) 39%, and Valero's (VLO) 19%.
  • The

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