we are similer should our divy be closer to 25% they have nt had a shutdowm for a while nowa it s our turn just run and make money.march report will be great in my opinion i m speaking abouy cvrr just to make it clear but im sure cvi will be ok too
Just read through the new Reg. FD presentation posted this morning on CVRR's website. It is extremely positive. I'd encourage every holder of CVRR or every prospective investor to read it. Company estimates $4.72 in distributions next 12 months, has a favorable hedge in place for 2013 for much of its production and, while current crack spreads not likely to be sustained indefinitely, supply/demand metrics are outstanding. Refining is a really cyclical, capital intensive business, but these are the "salad days." Logistics assets also a plus. This one could be a gem. I am a current owner, have traded in and around a base position which I will retain indefinitely, but will look to buy more opportunistically.
"Refining is a really cyclical, capital intensive business, but these are the "salad days."
That is true, but it also implies buyers are buying closer to the top than the bottom (which probably explains big unit sales of NTI by their parent). The big money is made by buying at the bottom of the cycle, not near the top.