That is interesting as insiders have in the past been tight holding shares. Timing seems odd selling at and under $25. Who knows the reasoning, but if CLMT not worth $25 I don't know what is. I do have concerns of a SPO plus we going into earning season and doubt news going be all that great. CLMT is a cash cow as far as distribution and think that will continue. Being the case, seems odd being a seller at current PPS.
92 cents on a 6.60 stock still good. Doubt traders will be crushed over the 3 cent short call. Agree, doubt anyone was expecting a cut of any kind now. Guess this accounts why I was able to buy 6.57 in AH.
When up against the wall, a 1/10 reverse is in the cards. No other options open for this PPS on life support.
PBF has very strong financials, they are growing the business and just purchase a large refinery. After they close the deal years end, they will be able to process 725,000 BPD. VLO has 15 refinery's and that's a third of what they do. Dividend nothing exciting at 4.5% but expect that to grow next year.
Right now looks like hedges selling the stock down for no material reason other than I expect to run it back up again. PPS does move around quite a bit as chart shows. So right now buying into this dip.
This longer term play for me that I seldom allow myself to get tied into. GL
Hi Pure. See you can Cragie still at it. I am looking at this again if price gets beat up a bit more. Have strong position in CLMT and PBF. My thinking about only half way safe place to be is in the refiners. Been in and out of the mid-streams short & long and flat now. I am thinking low oil prices not going away very soon. I still play the EX runs and sit on the side lines until about a month or so before next EX. Thus, looking to buy lows now. Ahead for the year but nothing to write home about..
Don't seem to any news on refiners that I spent an hour looking. Mids & Drills also down too. Was no buying on the close either.I am surprised by how much this drop today. Have to make an exception and add on to position if goes lower. I just get feeling this is just manipulation to drive it down, buy back and run it up again.