if company is making money--why sell if company is losing money/why would anyone want it
why do you think the elpaso refinery went bankrupt before--what has changed for the positive??
as you just saw a couple months ago--California refinery was in BK--only 1 bidder to purchase pennies on the dollar
that is how these guys got this thing to start with--outta bk--didn't cost them a penney
the all CASH transaction that was giant what do you have to show for that move that wasn't there before??? some mom/pop corner grocery stores ??--the 1 guy on here thinks those are goldmines I never understood how 7-11 went bankrupt with all their goldmines
buying of distressed assets is big nowadays. I would consider WNR a co with "distressed assets". Someone with the cash to buy the co and refit in anticipation that Obama will not be in office for a second term and that jobs and gas demand will eventually come back could really get a deal here and now. Limited refining capacity, no new permits, and all, you know.