Yes. It's time to take profits and reload at $40 or below.
Its historical high is $48. Its TTM PE is 11. It's forward PE is 13. Even if they beat analysts estimates by 20%, the rest of the year, the forward PE is still 11. VLO's trailing and forward PE's are 9 & 10 respectively.
This last qtr caught the crack spread just right with sharply falling oil and lagging gas price declines. When oil & distilled products reach parity, the crack spread and therefore WNR's earnings will return to normal. Upcoming Q1 is usually a low earnings number,.. projected to be about $0.40/shr.
GOOGLE.. I just tried to copy the article and paste it here... i just sold off 50 shares.. got 48.00 I am good to go.. for the time:) GLTA!
That depends on your objectives. Is your aim to obtain Max capital growth irrespective of dividends ? If so I would suggest you wait for a pull back!
If Dividends are your objective then I consul you to buy , the PPS might vary but the dividends are consistent and high with an occasional very nice special dividend .
Hi David. Hey it's PLUS 10 degrees,what's not to like :) Our winter fun time here is behind us, time to take the ice house (beer cans, pizza cartons, etc.) off the lake.
$45/share is a low-ball bid for WNR, it's going to the low 50's. Where did you hear of a $60 forecast, I haven't seen that, but believe it could get there by the end of the year. Refineries are IN, oil drillers are OUT. I sold out of a driller, but will return in 3-6 months. U.S. oil storage capacity will be filled in three months or less. Worldwide, tankers will then be filled an act as floating tankage storage. Price of WTI crude will drop to $40 or below this summer. Somebody has to reduce oil production!
Look for driller and service companies to become cheap(er) buys an refineries to go BIG.
My only concern for refineries is the EPA!!!!!!!!!!!!!
Well sure is nice to see someone raising the target to $ 60.00 how sweet, wish I knew if it would either reach that point or better yet if it would exceed that number ???? NOR SIR Where are you lurking these days??? Out on the lake ice skating????
I have never sent you an email and don't plan to.
I will, however, respond publicly on this forum board if your question concerns WNR.
Excuse me???? is that a suggestion we may exceed the $45.00 has anyone done a graph with WNR against TSO?? as I had considered procuring TSO vs WNR?? YIKES SAME mistake I made some years ago... when my TWO options were Eastern Airlines vs. FEDX... Guess everyone COULD GUESS which one I chose... Eastern Air.... GUESS SOMETIMES WE NEVER LEARN,,,,
By the way, in my opinion the Brent - WTI spread has been a lie for years!
Please go ahead and tell me!!!!!!!!!!!!!!!