It looks like some one knows something. Did you notice the many AF trades at 41.50? We will find out but as usual we are not the first to know.
A really hard time posting here. I have starting posting elsewhere. Will post as long as I can get on, but it does not look like it will be for long.
Now, why the buck plus up in AF tonight? What's the news or hype?
That no one has discussed the Wells Fargo line of credit increase? that Cirrus justbput together. I think it was an increase of a hundred million if my sometimes now with age memory is correct. If this be the case than Cirrus just tipped the size of the future hand on Friday after the close. Comments appreciated!
No but there was a statement in there that said spreads do eventually resolve themselves I thought
was interesting. I own some WNR. I own more CVRR. I am a little worried about Sept divy though. Spread has soften in the past few weeks.
We shall find out in a few days.
Western Refining's stock has taken a beating of late because refining margins have declined across the industry and have taken a toll on every refining stock, but refining margins are typically something that work themselves out and so don't necessarily mean the company is doomed in the long term. With shares trading at just 5 times earnings, Western Refining looks to be the biggest bargain in the bunch here.
The best calculations and the last comments we have the company point s divy though small. Last quarter they made it clear production not spread was enough o pay a divy last quarter. Last quarter spread was above first quarter.
Now the this quarter so far is about where 1st quarter spread was. Still one might expect even a small divy this quarter. We might be wrong because we missed something but the best numbers and statements that we
have strongly strongly point to a small divy. Not big. We shall see.
Sept 330-370 (All high end guidance range)
Using 10 under high range and adding gives 1550 revenue for year 30% yoy growth.
Earnings (1550*.47 - 360)*.72/65 = 4.10 Earnings.
If this be true 60+ might happen. Might.
Revenue down some. Earnings up.
Anything recent. Insider trading shows the last happened in Dec. yes that would make absolutely perfect sense. I was selling also than.