Strong opening coming this morning.
Sentiment: Strong Buy
Means squat. Refineries are coming under pressure via higher cost of goods sold...oil, which entails lower margins.
sell the pops, buy the drops. got out before the close. when they drop it again, I buy. repeat over and over...
artsbest, you are only seeing part of the story. Spend some time learning about PSX.
Margin margins margins! Does anyone have an idea of what PSX current margins are???
You are forgetting about PSX other markets to make a buck not just here in the USA.. Margins are higher for exports and exports will grow exponentially..