GREETINGS!!! Once again.. Nor.. seems I have been away.. in Sunny Ca.... NOW.. How do I catch up with this??? where are we going on WNR??? Question.. am I wanting crude to go down? so that WNR may continue moving up???? wondering who may be left???
Hi David. Hope you soaked in a lot of vitamin D while you where out in CA.
WNR is doing fine. They just closed on their logistics MLP and raised dividends. On the negitive side, the Brent/WTI spread was very low in Q3. So, earnings are going to be much lower then a year ago or Q2, '13.
I'm not going to buy more WNR until I see investor's reaction to the Q3 earnings.
The Brent spread is now over $11 so I see some hope for Q4-Q1.