Tue, Sep 23, 2014, 10:40 AM EDT - U.S. Markets close in 5 hrs 20 mins

Recent

% | $
Quotes you view appear here for quick access.

CVR Energy, Inc. Message Board

  • csco_brat csco_brat Jan 8, 2013 6:56 PM Flag

    CVI should fall big after this IPO

    Cash often receives a discounted valuation on the balance sheet. CVI is replacing 16% owndership in its refineries with $550 million/cash. I would not be surprised to see the stock fall about 8%. Investors don't really want to own a 84% interest in a refinery. They want the real thing. This is just a ploy by Icahn to sell out some and lock in some value for its eventual exit strategy. From what i can tell.

    Also, refining margins are in a terrible tank right now. The geography that CVI operates in, is flooded with gasoline and it currently is going at a $10 discount to brent. Compared to a premium just few weeks ago. They are still making money because the brent spread is still 18, but down from $23. Fundamentals are back to where they were in Aug or Sept, when CVI was closer to $40. So be careful longs!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
CVI
46.40+0.34(+0.74%)10:38 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.