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Do you have an idea where the break-even crackspread price is at generally ?
impossible to assign it to PPS as the instantaineous (sp) PPS has a large share emotional factor.in other words its not calculatable.Henry
I was looking to find at what crackspread was the industries break even point.
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.