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Vertex Energy started as a buy at Oppenheimer on 'blue-sky scenario'

Jul. 08, 2022 3:53 PM ETVertex Energy, Inc. (VTNR)By: Carl Surran, SA News Editor6 Comments

Oil refinery plant 3d render


Vertex Energy (NASDAQ:VTNR) +2.9% in Friday's trading after analysts at Oppenheimer initiated coverage with an Outperform rating and $18 price target, as the company enjoys a "blue-sky scenario" following its acquisition of Shell's Mobile refinery amid historically elevated crack

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Comments (6)

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The potential is not hidden it is about time Oppenheimer spoke out, wall street researchers write up thousands of companies with all kinds of speculative opportunities but for some reason, they seem to be very slow in covering VTNR . Hard to understand, wondering if some of the more experienced investors could explain this situation?
This stock is overvalued by a factor of 3, how can they do this?
Uncle PennyBags profile picture
@qwerty11 You mean undervalued by more than 3x
bazooooka profile picture
@JackCr what's your thoughts on crack spreads staying elevated; and if they fall back to historical norms where would you value this one at?
Not an expert, but it is my understanding that those spreads will not be declining significantly any time soon.......
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