Direct from Scottrade S&P Report Analysis
S&P Investment Rationale/Risk
$39 =12 month price target ➤ Our buy recommendation reflects our positive view of CLMT's initiatives to access discounted crudes. CLMT's three refining acquisitions since 2011 have enabled the partnership to have greater access to discounted Bakken, Canadian and Eagle Ford crudes. We are also positive on its higher-margin specialty products business. CLMT customizes many of its specialty products to meet the specific needs of its customers, which we think gives it a competitive advantage. In addition, CLMT works to develop and produce products with its customers, which we believe helps the partnership to better retain customers.
Me too Bull. I do believe their opinions tend to be biased and full of self-motive. However, at the same time I understand they tend to rub elbows with those in the real know more so than anyone on this board. So when their opinion agrees with my position, they are geniuses and when it doesn't, they are idiots. This S&P anal must be a genius.