When all the buys are in, then the momentum will stop or the stock go down as people sell. It's natural and nowt to worry about. WNR's fundamentals are great.
Please don't worry. Special and regular dividends have to come from somewhere !
Today will be a great day and I anticipate pps of $48 within 5 business days.
USAF 366th Combat Support Group
Nor!!!!!greetings!!! Hopefully you have started toTHAW OUT THERE!!!was I i in error about the $ 60.00 price target????? Opppppppppssssss i hope not!!! Dave stay warm!!!!!! Dave
Oh, how so? Are you sure you know what you talking about?
NTI is a good value... just remember not to hold MLPs in an IRA or you'll be plunged into the hell of boiling paperwork ;)
I would wait for a pullback. It's too overbought. Below $41 sounds good.
The expectation is that WNR is heading towards an MLP if and when it happens the distribution will increase
significantly and pps will adjust accordingly. To benefit from WNR excellent management performance I hold
NTI as well and hope that sometime this year Western will acquire the remaining 67% it does not own at substantial premium.
No, it's still a good buy. So are other stocks that are benefiting from lower oil prices (VLO, PSX, PBF, several MLPs like NTI, and many others). It;s not JUST about the spread... it's about the spread times sales volume, and people can afford a lot more product when feedstock prices are halved.
As far as "historical prices" go... prices go up for capital gains, inflation, etc. Look at any long-term chart ;)
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.