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HollyFrontier Corporation Message Board

  • mario_themario mario_themario Sep 2, 2011 11:19 AM Flag

    VLO buys the MUR refinery in LA

    for 2600/bbl + earlier the pembrook refinery for 2400/bbl. The MUR refinery is 125K bbl/day. The HOC buy was 15.5K/bbls for FTO.

    The run to 40 is not only delayed we may see the run to 30 as the stock is trading along with the overall market. Profits, revs, long term prospects, balance sheets, mean nothing in a market like this one. The market went down yesterday on better than expected results in the ISM, autos + retail, based on an expected poor jobs report today. So when the poor jobs report hit, the market tanked on what everyone expected. The jobs report didn't make all companies just lose 5% of their gains. Its a self fullfilling prophecy + several news letters I get all said to get out in Sept and go short the market. They are on track to being right on the money.

    On a bright note, HFC is the best performer today in the sector, yea, still down though. One advantage to the split, instead of seeing the stock drop 2.50, it now just drops 1.25, gives you the feeling that it isn't so bad.

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