Isn't it amazing how history can repeat itself so quickly? I don't doubt tso can go higher. They've overhaulded the balance sheet, are currently very profitable, and they've made some strategic investments that look quite wise right now. But they also make a product who's market is shrinking and they are surrounded by well-capitalized competitors. As the gasoline market continues to gradually shrink will tso and their competitors scale back production to compensate? Reminds me of when nat gas went over 10, then spent year after year declining. Producers increased production during the drop which just added to the glut in an attempt to stay profitable. When margins eventually shrink will refiners cut production?
At least on the last stock price run-up demand for their product was increasing. This time its falling.
there is no other explanation. margins getting crushed day after day and yet it soars higher. i think they make their money off those margins... so it would seem they matter, but i've been wrong before. plenty of times.