Also, everybody tries to figure crack spread thus possible profit for CVRR. CVRR is buying
lots of crude from Canada which is lots cheaper than WTI and its significant.
Sentiment: Strong Buy
IMHO no one has brought up 2 scenerios that has come to mind . 1) It's only an 8 inch pipe
open both ends where the washout occured and do connections like a half .
2) Megellan must have insurance for this situation and pay CVRR cost of lost Revenue.
3) Cvrr has its on trucks too.
jr keep your cool someone is holding this down. There was two different day's around 3 /4 weeks ago when CVRR slam took off B and A never stopped did that for over an hour some bids were were 2 to 3 cents over ask I couldn't believe it................Bet there is a dist., this Q not pennies but of course nothing big and this baby is going to fly .....IMHO next Q with no service disruptions we get a decent distribution Dave
Sentiment: Strong Buy
You have hit it on the head IMHO you are 1000% correct I also believe there will be a dist., this Q not a buck but not pennies either. This will pop like a rocket. November providing no disruptions a good dist., will be pai and we are off to the races again.
I disagree IMHO there will be a distribution not great but not pennies. Next QI think they will be on track and smoking.
No I do not have a link but I did read an article recently that there was a 2 unit refinery temporaily shut down in the Eastern part of the US that could be bought for 50 cents on the dollar. Ichan was looking hard at it and low and behold whose name came up in the article CVRR.
They are sill on vacation they will be back soon and announce ..........I personally think based on their #'s they are light I think it's time for a RAISE
There will not be any cut that is bs. The last 2 qtrs they earned 1.5 to 2 x divy.
all i can say is keep buying going down because when they declare its going to pop.
I think Magellian will have to credit lease expense or pay for the other means of transport
My WAG is Cvrr will have more dist., than people are expecting even if some of it will have to be ROC
All the lenders are pulling in especially E&P companies like ARP They have lots of assets and they have to be worth lots more than $530m I would tell Wells to screw off and be checking elsewhere...........someone will loan them $$$$$ they have all those hedges oil and nat gas..... I still believe they can make it but Wells isn't working with them this is what causes BK. They better start shopping and get this handled ASAP.
I WISH everyday for a M/A on ARP own 10000 shares hanging on I think they can pull out of this but going to be rough.
They are still buying Canadian crude out of the ground cheaper by quite a bit than posted WTI. We all need to be buying now before it gets to $19 or avg down