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Calumet Specialty Products Partners LP Message Board

  • mike2915 mike2915 Jul 22, 2013 1:36 PM Flag

    Calumet what now?

    I am still in. I have owned for years and added on dips. But it sure seems like we have some additional downside. I am not sure just the earnings call will prevail. I have seen statements about costs increasing. I suppose it matters it they are increasing more than sale prices? If we test low 30's I will be adding for now, it is a hold!

    Sentiment: Hold

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    • All signs showing oversold. Like you said, some add'l downside, nice dividend play.

    • Agree with your sentiment ... given CLMT has no upstream assets, a margin squeeze will be perceived ... I'm thinking they have hedged crude so earnings will be flat ... the heavy fuels exposure is a wild card for me, I'm not sure how they are positioned ? Low 30's is a good place, I'll be there with you ... just to note, their CC with commentary on their new refinery will be key for DCF going forward ...

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