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CVR Energy, Inc. Message Board

  • soozanie soozanie Jan 11, 2014 5:45 PM Flag

    valuation offers upside

    price to revenue cvi is fairly cheap. Rin exposure is going to be massively lower in Q1 Q3 on a year on year basis. ULSD/CBOB margins vs. wti have been climbing steadily the last month with wti/brent weakening again. re crude,,,, the usgc is getting to its "saturation point" where we could see a significant "back up" of bbls into cushing that would drive wti spreads into deep contango and push wti/brent back towards -25.00/-27.00 bbl.

    all very good catalysts for upside earnings revisions and ebitda/EV expansion over teh coming months. I think $44 provides some chart resistance which will give way and then we see cvi shoot to $53-55 around the march earnings release. if we get a good conf call/guidance at that point in time we could be looking at a re-test of last years highs by memorial day. downside seems well supported in the $33-36 area so decent risk reward even at current levels imho.

 
CVI
41.37-0.63(-1.50%)Mar 27 4:02 PMEDT