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PBF Energy Inc. Message Board

  • dandebusschere dandebusschere Aug 5, 2014 12:55 PM Flag

    New Management

    With Blackstone cashing out and a couple of Directors change out, O'Malley has some options to run the business differently. For example, a $40 million hedge cost in Q2 will not be there in Q3. The hedge was required by the equity partners. If we can maintain a $6 or $7 Brent-WTI spead for Q3, then I expect some sound results. Read the transcript of the Q2 earnings conference for a lot more.

    Sentiment: Buy

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PBF
22.01-0.19(-0.86%)Aug 26 4:02 PMEDT