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Western Refining, Inc. Message Board

  • northernhick22 northernhick22 Apr 3, 2013 5:21 PM Flag

    Brent/WTI spread under $13!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    NOT GOOD! Cushing 321 WTI/ Gulf Coast has dropped to $20.35. Teen's coming up! Margins getting squeezed :(

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    • I pared back most of my positions in refiners several weeks ago. Still, I have small positions in WNR and NTI. Both have gotten the snot kicked out of them. At least management of NTI put out a press release in response VLO's comments about costs and actually went positive for a brief moment before falling back down. I was waiting for WNR to announce an MLP and was going to sell then, but holy #$%$ this thing is taking a beating. So with that being said I'm on the fence post on whether or not to ride this out. Personally I feel this is all knee jerk, but shrinking spreads now play into the mix.

      What are ya'lls thoughts? buy sell or hold?

 
WNR
20.53-0.61(-2.89%)Jul 27 4:00 PMEDT