Today's action was very welcome :). Yeah, keeping fingers crossed for bullish action following the upcoming distribution announcement. Also hoping that in the coming days they'll put out a small announcement about the recent EPA 2017 standards not being of any major monetary concern to them (assuming that's the case).
CLMT's main risk is the Gulf Coast 3/2/1 crack spread. That spread has been on the decline over the last month from the mid-30's down to the mid-20's. The mid-20's is about average over the last few years though. They are hedged but it is something to keep an eye on.
I'm not in this for a long term play, just the combo of the SPO with an anticipated dividend run-up over the next month. It just moved over 4 million in volume for the day so the SPO is moving.