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HollyFrontier Corporation Message Board

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  • mario_themario mario_themario Feb 24, 2012 1:33 PM Flag

    any reasons for weakness? just curious

    Refiner's are down across the board. Crude is rising faster than cracks which potentially puts a crimp in refiner profits. Cracks are actually slightly down today but are still a tad below 30 + the brent spread is at 16 but crude is still marching higher now over 109. The reasons are bogus but it is what it is. The Iran situation is overblown. The only refiner up is MPC + ironically they got a mini tender for almost 5% less than what its trading at today.

    FINDLAY, Ohio, Feb. 24, 2012 - Marathon Petroleum Corporation (NYSE: MPC - News) has received notification of an unsolicited mini-tender offer by TRC Capital Corporation (TRC Capital) to purchase up to 2,000,000 shares (approximately 0.58 percent) of MPC`s outstanding common stock at a price of $41.50 per share. The offer price was 4.47 percent below the closing price on February 17, 2012, the day prior to the offer.

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    • Last Friday was the same I think...Profit taking-crude prices-rumor of export tax..

      • 1 Reply to dalerobin777
      • My take...

        Who cares?

        First you need to realize hfc is a manipulated stock ....then you need to realize your stock will not go straight up or down.....then you need to realize refinery stocks always cycle big .....

        Right now HFC is making good money...every day. The stock is priced well , which makes it safe to invest in ....

        My point is you can buy on the drops...and sell when you get the POP....

        Then you don't care ..... Let the market move the price to 22 or 38 .... Just realize where you are in the spread ....and right now hfc was nearer to 38 then 23 ....it was bound to reset. It did .

        Yesterday was a buy ...no worry mate.....and if it goes down Monday it is another buy....and if instead on Monday it goes up it is a sell...obviously it is not that simple...but you get the picture....

        Me...I am holding into the CC coming up after buying and selling a few times over the past two weeks for a nice profit...now I want the special divvy.

        My point...do not fret over the manipulation of the market...play it.....

        Good Luck...HFC is a solid company .....for now...

        AH

 
HFC
34.83-0.20(-0.57%)12:12 PMEST

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