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Do you have an idea where the break-even crackspread price is at generally ?
You can check WNR's website, and there is a presentation that states the profitability of each refinery. You can use that as a bench mark if you measure it against past Crack spread history.It also compares WNR's refineries to other Independent refineries. Pretty good material.
impossible to assign it to PPS as the instantaineous (sp) PPS has a large share emotional factor.in other words its not calculatable.Henry