misunderstood IMO - patience will be rewarded. We will be punished further if US starts allowing oil exports..and if oil spreads keep tightening
u would think the results would jumpstart the stock a little? Seems to me this is a very undervalued company but wall street can be a strange in rewarding.
there was a small unplanned downtime, though. off course it has no meaning long term, but that is why barcleys lowerred the numbers a bit. Still the most attractively priced and heading 40 imho
Along with a $35 price the weak hands are gone and buying will increase from here on out. Check out ppl this will be a $40 stock + 4.3% divy that will go up in next qt.very safe.
if their storage tanks were empty in March and started filling them here in April, but we know that is NOT the case so just wait for earnings to show you the money.
Sellers must have finally stopped since it doesn't want to go below $28.........Yea stock is cheap compared to other refiners.
Goldman #$%$ on the refiners today reducing many from Buy to Hold status with a very small drop in the target price. When Goldman craps, the refiners get #$%$ on and that is what we witnessed today. Its a shame this stock has no stability based on fundamentals. If I was running PBF, I would do a 5 for 1 stock split to get the outstanding shares up to 500 million and improve liquidity by broadening the ownership.
I'm buying too at these levels. The opportunity for margin improvement goes up with declining or leveling oil prices as long as management is on top of its game. This company has good management and is a solid long-term play.
Refiners are affected by oil prices... ceteris paribus they do much better with low oil prices. (No, I have no idea why refiners aren't doing better right now ;)
I should have said,"as much as the rest of the oil industry." With oil per barrel dropping, people are back to buying gas guzzlers and traveling more. I would think refining would suffer less than other aspects of the oil industry. There I go thinking again.
CEO and other officers way overpaid. Being paid millions and management can't even explain to shareholders why the stock price is dropping. I thought refiners were not affected by oil prices. Maybe there is a decline in refining demand?