How does the stock price of the refiners like WNR move with the price of crude and what are the other prime factors that make it go up and down?
The Barron's article is one part of it, but another is that the oil price fell some more. Every time the oil price falls, more people sell their "oil ETFs", which have refiners in them along with drillers. Just put a five-year chart of WNR over your monitor and check it in a year ;)
Yeah, the analysts brought the estimates down a whopping .06 from $1.18 to $1.12 during the last 7 days (probably one analyst!). A 5% decrease in quarterly estimates hardly justifies a 15% drop in stock price...
I had the opportunity to glance at a sales spreadsheet at a convenience store and it was rather illuminating.
Profit margins by category. Some products as much as 600%, candy for example.
This correlates to the floor space dedicated to the product type.
A very high profit margin to be sure.
And gas is cheap enough that people can actually go on trips and use those convenience stores ;)
Refiners are the place to be and WNR is one of the best of the bunch.
BArrons article that came out today said WNR will miss the mark. This article must have leaked
for days ago it has knocked about 15 % of the price since appeal 1st ANALYST manipulation
I wonder if they buy it now. RIDICULOUS that and analyst could bring this sto vk down so much CRAZY they don't no jack
To ,me this is nothing but good news, just getting rid of another burden on the economy. Obviously a few mutual funds panicked yesterday, but I bought more WNR.
Nor!!! How is everything going?? Still cold out your way???? What has happened to all those ppl that used to comment on WNR???
I wonder why it's so difficult to locate someone to ASK QUESTIONS about this???? W/o them being public post??????? Many thanks dave the novice!!!
my friend, speaking for myself...I never use options,never!
Having said that, a consistent Dividend and stability is my goal here.
I live in Florida, Next to the Disney money pit and the rest. Tourism is exploding. Rental cars, aircraft usage etc will use all refined product.
The cruise industry is going full bore.