Western Refining is on the verge of a major decline. Look what is about to happen!
Israel is going to attack the Iran sites this year or very early next year, no doubt in my mind. The US will get involved in the aftermath and use that excuse to finish off the sites with even larger and more deadly bunker buster bombs. The Middle East will survive as a more friendly place to live.
Well, thanks , appreciate your thought.. I did not want to say $40 because I don't want to be accused of hyping. Its not my style. But $30 I think is very possible in the near term.. Next week we have DK, HFC, and ALJ....I am expecting very solid reports.....And as you stated, IF the economy mends we could really hit a home run with this one. Its already been a triple! But this management team is very savvy- I am really impressed with what I continue to see them do. Very smart and forward thinking! D
"But WNR is going North of $30......"
Come on Doogles you can do it. Just blurt it out....$40!!!! LOL
I think we'll see $30 in the next month or two. I was really surprized by the strength of their Q2 report. They added some good 2014 hedges and started on 2015. I think those are the more important years to hedge the margins as I've stated before.
The cash flow is nothing but amazing as you stated, making the debt almost a non-issue. Too bad they did a convertible loan but times were very tough when they did it.
So, I think the future looks bright for WNR. I like what they are doing on logistics and expansion projects to provide better economies and growth in the near future. The growing Permian Basin will be a big boost for them. Things are certainly going their way. So I've raised my expectations. If we get the right people in charge of the gov. and the economy/jobs recover, WNR is a gold mine. If Israel/USA attack Iran, WNR is a gold mine. I see it very positively.
That is quite true......And just saw a big black come thru at 25....So I think we will see upgrades coming next week. Most likely price target increases... Have DK, HFC, and ALJ to report next week . Should continue to reinforce the sector. NO way any of these companies will disappoint.