$25?! No sir...more like back to the $30's you go...Nice increase in crack spread...RINs falling like rocks...
ALL point ot a MONSTER earning beat this quarter and next quarter i fully expect CLMT to increase their EPS estimates...we will make record profits within the next 2 quarters WATCH and learn. Smart money bought hand over fist sub $29's..especially around $27's (like me) and are loving life. Dumb money (shorting at $27's thinking we'll go to $25 lol) are feeeeeeling the pain. REAL pain is about to come on their heads when we smash through $30 after divi increase. Don't miss out on the runup folks! Smart money (smart hedgies) are buying hand over fist all refineries as their margin is increasing DAILY!!
Since $40 in March, the chart shows a series of lower highs and lower lows. That trend is still firmly in place.
If you are such smart money why were you pumping it at $40 saying it would soon be at $50? Your so smart you lost 30% of your portfolio value.