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HollyFrontier Corporation Message Board

  • bobbibedahlia bobbibedahlia Feb 28, 2014 6:36 AM Flag

    Why the sell off ?

    Geez, it doesn't take a rocket scientist or atheist to figure it out. The WTI price and the Brent have simply narrowed . about 6 bucks now This stock and most refiners move with this number, The bigger the spread between brent and wti the higher the price of refiners .Last summer the WTI surpassed Brent and this stock was flirting with 40. HFC is my favorite of the refiners .Most refiners were down yesterday.

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    • $.50 div. pay 3-17-14 and $.30 div pay 3-28-14

    • It doesn't take a rocket scientist to recognize that the price of Brent is COMPLETELY IRRELEVANT to HFC. Crude-wise, what matters is the discount for WCS, the WTI-WTS spread, and to some extent the LLS-WTI spread. But the latter is pretty much settling in to being determined by the cost of transport from Cushing to the gulf. So watching crude differentials, which was so critical for HFC stock a couple years ago, is now a waste of time.

      Brent-whatever diffs matter now to the coastal refiners, as it impacts their profits exporting finished product. But HFC does not have that opportunity.

      It is not necessary to have an opinion or speculate on this, just listen to the conference calls. Jennings has been very explicit.

      • 1 Reply to precaud
      • Precaud, The average investor measures the brent- wti price and if you look at a graph. This stocks price seem to correlate to the graph of the wti -brent . The average investor doesn't measure Louisiana sweet or Canadian blends. In fact most people on this board don't know the difference between sweet and sour crude or the difference between heavy and light. I still think mainly because of the refinery at Cushing HFC will be queen of the hop. On CNBC the investor see Brent price and wti price and trades on that. I have no intention of relating Holly frontiers stock price to arcane Baume scale reading , hydrometric readings or API standards. Short and sweet this stock trades on WTI and Brent ,and that perception may change when the northern half of the Keystone pipe line is opened. THen the WCS and WTS may be relevant but common perceptions now are Brent and WTI.

    • just_me_over_here_again just_me_over_here_again Feb 28, 2014 12:35 PM Flag

      100% correct. The claim is that the Brent is down due to the chaos in the Ukraine, or so a recent news report said. Maybe if the dust settles in the Ukraine, we will see a rebound. (Strange as that would seem, to have political unrest in the Ukraine affecting HFC).

 
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