Crack spread hit a low of just over $3.00 and change, looks like earnings are going to drop much more and price per share is probably going to drop another $10.00 at least near term. The best short going.
I'm with you, I'm afraid. 3-2-1 Crack made a new YTD low, down 1.9% at yest. settlement (calculated from cash contracts) from previous YTD low and down 39.3% YTD. When you compare this with the MPC chart, you have to wonder how much longer the stock price can hold up, if the Crack does not back up fairly quickly.