ok the stock slumped on better than expected revenues but really missed on the bottom line.Before you wet your pants or get on Christ or crack the next quarter will be better the spread is 12 bucks between Wti and brent crude. And yeah, they declare the .50 special ( huge cash hoard) and so just treat this as a buying opportunity.
As I have been saying for a year or so, and as Jennings finally said in the call, Brent-WTI spread is no longer relevant to HFC margins. It is, and has been for the last 6 months or so, the LLS-WTI spread that matters.
its not the best news... but i didn't invest for just the quarterly report... I bought longer term for the solid fundamentals and conservative management..... Just as jtbcm pointed out... not down too far... and especially for a stock that is usually moved by little volume.
just my opinion.. but I'm not worried in the slightest
It told me to buy another load..... Have two now..... Target is 5 loads ..... May have a bit more downside this quarter . I think the bottom is almost in now for hfc..... Next on radar screen is TSO .... They report tonight and it will not be pretty. May be a buying opportunity. At this point in the cycle and looking forward I think you want to own some vlo , hfc and tso.
Depending on how crude discounts and foreign product prices go next year go , one or two of these will be the big winner. The looser will be dead money.... But who it is is a #$%$ shoot.
I am using next years profit projections to set the balance for now.