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Western Refining, Inc. Message Board

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  • h_grant_h h_grant_h Feb 24, 2011 11:22 AM Flag

    Target for 2011 - $15-16 range


    Looks like my short setup started over 16.60 is paying off.

    I've played this game for too long. And history always repeated in the refining sector - when the oil price went through the roof, the consequence was ugly - demand were killed rapidly, and refiners crashed in the end.

    So, if the oil really goes into $120, WNR, TSO and other refiners with highest debt burdens will be in serious troubles. There won't be anyone to bail them out this time around.

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