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Western Refining, Inc. Message Board

  • northernhick22 northernhick22 Feb 28, 2013 2:38 PM Flag

    Not to be lost in all the current hype.....

    WNR has lost $200 million in realized hedge losses ove the past two years, or over $1.80 per diluted share.

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    • Question Nor if I may.. here goes .. as I am thinking about getting out of WNR once it gets back to the $37.75 area again... what would one look at once its vacated or just wait on the sides.. till after this March thing get by us... ?????? dave the novice!

      • 1 Reply to allen2462001
      • David, did you take off your bigboy pants? Sure sounds like it. If you've made about a double on WNR then I would take 50% off the table and invest elsewhere. Like I said, WNR is not doing anything that will harm their PPS. So, it's how the general market and econ. goes. WNR can do better wtih an MLP on logistics and just continued strong profits for 2013. As far as where else to invest, I really don't like to go there. We all need to do our own DD. GLTY

    • they locked in cash flow when the balance sheet was far heavier loaded with debt. the %vol that is hedged in the forward mkt 2014-2015 trails down and nothing thereafter. opportunity lost, but was a good move to protect a % of cash flow.

      light volume intraday dip. i am adding a bit here and looking for analyst upgrades int he coming days/weeks.

      • 1 Reply to soozanie
      • I agree, it made a lot of sense when they were in survival mode. But, as you state "opportunity lost"
        Hindsight, but I thought they hedged months way to close when they first started. They obviously thought it was a flash in the pan. I currently think their 2014 and 2015 hedges look good. Things will settle down when the Brent/WTI spread melts.

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