If I'm reading the correct spread (3-2-1) it $14.98 which accord to the historical chart is very high. Gasoline demand is surging. CLMT has higher margins on lubricates. I believe there is a correlation between gasoline demand and lubricant demand but I don't have specifics. All good for CLMT
Great analysis. With a double digit yield that appears to be sustainable for the foreseeable future, its amazing that we are not seeing some appreciation here.
Load up the boat! Street has got this wrong. Media keeps harping 'the glut is coming, the glut is coming' wouldn't that be a bonanza for CVRR?
I'm trying to estimate revenue from the new refinery. The press release state "Outputs are expected to be approximately 7,000 barrels per day of diesel fuel, 6,500 barrels per day of naphtha, 6,000 barrels per day of atmospheric tower bottoms and 300 barrels per day of natural gas liquids" Anyone know to to price the non-diesel components?
Man I hope so. If not, they should split the company into two or more parts: Spain and the rest of the world or EU, LATAM. That could unlock a ton of value.
Not sure why CLMT isn't taking off. I'm seeing gasoline prices in the south reaching almost $3.00 for premium, but crude prices have dropped by 50%. At some point, these factors should align creating huge profits for all refiners. Am I missing something?
Sentiment: Strong Buy
Explosion at the Wis plant. It happened in an empty asphalt storage tank. From what I could see on the video, the damage looked like it was contained to the storage tank, but who knows. One thing after another with the stock, hope the new management can gets them firing on all cylinders.