Today's drop had nothing to do with company fundamentals. Retail holders are at the mercy of funds and ETF's. If one looks at the value of company assets and compare them to market cap, it is really absurd. Refiner ALDW, who has one refinery and some retail stores, has a greater market cap than CLMT's of 1.37 B. NTI who has one refinery and some retail stores has a market ca has a market cap almost twice that of CLMT.
Talk in the market is that the refinery unit will be down for at least a month, possibly two. BP acknowledges the unit, called Pipestill 12, is down and says it is working to return it as quickly as possible, without giving a time estimate. Also, crack speads are at their highest this year.