CLMT has dialed in gc 211 margins of $25 and $24 for 2014 and 2015. I am not sure what forward margins they are looking at, but let me say one thing... SOLD! Those margin estimates at almost $ $4 bbl over the market. Given strengthening wti/Brent, strong west Canadian sours, worsening gasoline fundamentals, and a rising 10 year not all point to an over valued stock. Forward earnings are "over estimated" and the share price will fall to 24-25 per share. Cramerites better sell out pronto,
Pass on the detailed information & its whereabouts & let us make that decision for ourselves. We know CLMT can make money when oil prices are high or considerately lower. It`s possible this could drop back to $31.00 but not lower in my opinion. By chance it did I would definetly add more.
I see analyst downgrades & other analysts with upgrades on several refineries, plus another 5% Ethanol to be added to gasoline. How this might affect CLMT I do not know, but I do know I`m holding for futher information.