Getting killed the last few days after picking up a few shares...does anyone else care about this company?
The loons in Egypt keep blowing up the gas pipeline.This will force Israel to move Delek's projects into production.This just might become the world's largest oil producer.Sooner than many think. Move over XOM.
Delek US is a subsidiary of Delek Group so the gas over there means nothing in terms of DK stock. Just two refineries, some stores and a bunch of pipe.
This stock look like a LONG haul. The market is the PROBLEM, not this stock! Tech. looks terrible, broke 50 and 200 day support areas. Insider buying is a PLUS but in what time frame? 12-18 months? Put on watch list and wait. Like NRO as a better play in oils. Stock has a loe of $6.83, so there is some downside risk!MARKET does another 2008 and that could be revisited?Is Europe put us into anoher redcession/ That is a real possibility to consider.Best of luck!
I care about this company. DK is getting killed as oil drops. DK should have bottomed. It has a forward P/e of 4 thisis a great company. It should go up soon like tomorrow.
The last post prior to this thread was mine Sept 26, I certainly saw no reason to come here.