simply look at the projected earnings from Thompson Rueters and the likes in Barrons over the past few months and you will see why EARNINGS that is what drives the price of a stock whether it be up or down judging by earnings projections now you know why THEY WILL BE MAKING MORE forget about all that rumor and BS it always was and always will be EARNINGS !
I wouldn't call it a breakout. The volume was too weak. This is serious consolidation. Investors are accumilating this stock because it's a good company, cracks are still good, and the investments they've made over the past few years are getting ready to start paying off. I do believe this one has a chance to double in a year.
actually the performance was mirrored across all independent refiners in this sector.
therefor your question should actually be posed to the sector.
I beleive it hast to do with domestic politics and not just the hyped national debt. What is presented for public view is only a theater to create fear in the public eye. I believe what has driven the current energy run is big money, big oil money pressuring their political puppets. Its corporate tax, its the next generation canidates etc...etc.
bottom line is the recent refining run will continue with some small pullbacks until 2012 elections or until fear no longer is an effective tool.