Valero, HollyFrontier, Marathon Get JPMorgan Upgrades on Wider Oil Spreads
WCS/WTI spreads are much higher than last quarter. the analyst estimates for Q4 are too low, and will rising during the 6 week runnup to earning announcements.
That is flat not not. In the last two weeks the WCS discount has gone from mid-high 30s' to upper 20's. And gas cracks in the regions of HFC's largest refineries are the lowest in the country. Q4 is going to be a bust, IMO.