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CVR Energy, Inc. Message Board

  • alienvapor alienvapor Sep 23, 2013 3:23 PM Flag

    Crack spreads

    I'm new to the refining sector. So far I've gathered that crack spreads were recently quite high and added a lot to the bottom line, but these were kind of an anomaly and have since gone to a more historical norm. For people who have followed this history do you think they'll go much lower or have they pretty much bottomed?

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    • Running around $5.00 now, Energy dept. has estimated $10.00 for 2013 and 2012 was running around $20.00 so best guess is that this is a great time to buy. Two other factors make this a no- brainer to buy is the great dividend yields and the other factor is that CVI has derivative hedges in place so that even if the spreads are $2.00 they are going to get $20.00 or more - just read last Quarters report if you do not believe me. In conclusion the 75 cent quarterly dividends are safe for the next 2 quarters - beyond that only time will tell.

      Sentiment: Strong Buy

40.38+1.39(+3.57%)Dec 19 4:07 PMEST

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