thanks for reply. I too like the story here. Yet, the game has changed for refiners as overseas s markets now want to buy and refine themselves. the new norm is a lower crack spread. maybe between 8-12. WNR breakeven is 8plus. When WNR was trading north of 50 the crack was 25 to 26. I'm trading in and out. but, unless something fundamentally changes in the industry this is the new norm. Also consider why every major liek Chevron , BP and XOM and selling refiners right now ? anyway, I'm making here but not falling in love just dating. god bless
I was thinking with added revenue we might be sitting at 3 ? How big is the float now ? thanks
just a suggestion. post on one of your treads. no need to start new ones with no copy. this board controls maybe .0000001 % thus nothing can move it in either direction. i know your excited and nervous , hey me too but try to have some composure. that's all I'm saying. god bless brother. PS: check out stocktwits. great board and resource for serious traders
Added 3bb in rev and 300mm debt. Do the numbers. I closed my eyes today and bought with both hands. One of the best opps in market. Sorry about caps needed to be yelled !
Sentiment: Strong Buy
agreed my trading gut is that they're going to RIP this higher any day and we'll be at a new base above 10 forever. remember the float is tiny and pretty much accounted for. the 9% short position is more then likely a outside the box hedge. i dont believe we will see 6's again. to many buyers lined up down there. the spread today was .17 all day and higher mid morning. gamesmanship for sure