Anything oil is volatile, but you can make money. People get the oil trade wrong quite a bit creating opportunities. ALDW had great Q1 earnings .... almost double last year .... announced this week. I thought it got down too much this morning, so I added a couple thousand more shares.
I added as well. I don't find that much wrong with NTI [ refinery re-opening with greater capacity,etc} do we think the price fell this after because of the SEC filing ?? The filing was nothing but some entity sold ? Any ideas or is it just volatility ? Thanks
Trailing PE: 39.75 and forward PE: 7.52. This implies a 400% earnings growth rate but their earnings estimates do not reflect this. In fact an EPS decline is expected.
Book Value per share: $2.91.
But I have to say that the divy rate is tempting but only if you are not buying a lot of nothing. I would not buy because the numbers don't make sense to me. Either they are getting incorrectly reported or something is terribly wrong.