NTI gets a substantial discount to WTI. I saw it once in a WTI article/report about a year ago, but I don't recall the exact amount. I believe at that time it was about $8.
Hi David, you've been away for some time now. Must be nice weather out on the coast.
I think WNR will report good earnings for Q3 come early Nov. However, I think the overall market and forecast for Q4 are very important factors in where WNR PPS will go. I'm guessing they will get back to $50 before end of year.
Upon looking back at the Q3, 2014 earnings, I did find that WNR was blessed by a strong WTI Midland/Cushing differential. However, their hedging gains were small at about $4 Million.
Jet, if this comparative situation still exists around the time of Q3 earnings report, load up the wagon. That was the case at Q2 earning report. I bought both stock and options and made a small killing.
Investors have been a little hands-off WNR since their involvement with MLPs NTI and WNRL. I'm thinking they don't know how to value them.
I think they're looking at the fact that the national retail gasoline price is $1 below a year ago.
Hi David, it's 64 degrees at 2 PM, guess Fall has arrived :) Our Minnesota State Fair starts this Thursday and runs through Labor Day, those are usually perfect weather days, but the temp. dips fast after that. We'll be driving over the lake ice soon, looking for Walley :)
Just spent time at our cabin in northern Wisconsin, so haven't been checking WNR much. Sold out my shares and options a couple weeks ago. In fact, I even put my IRA in a cash position, don't like the overall market and global conditions for now. Last week's market results confirmed my gut feelings.
WNR operations are performing well, these markets have pulled it down. It will be interesting to see how much they can recovery by Q3 earnings. Product pricing competition looks rough for Q4 and Q1 unless OPEC throws in the towel. On Friday I bought some KEG for $0.53/share. It had dropped from 69 cents on the day. So, I'm looking for a day trade on Monday at hopefully something in the $0.60's range. Wish me luck :)
P.S. Not sure where you were going with the "authorized spokesman" reference????
Hi David! I sent a reply to your message yesterday after we returned from the lake cabin. It somehow got removed. But, I want you to stop the worry about reaching $60/share and enjoy the fifties! Time is too short to always be hoping and reaching for the next............... Enjoy today!!!
Besides, I believe we will see a market correction before WNR can reach $60.
Hope your having a great summer!
I'm still here and still making money off this pig. And you I assume are Mikie, how's things going for you? Or, on the other hand, I guess "crusher" could mean it's Boggie feeling his oats :) Thanks for taking me over to the AVNR board, I made a lot of money towards the end with both shares and options. Live is good........take care.
Thanks for your insight into the market, I appreciate it.
I'm finally having a little fun given the run up by WNR. Making a killing with my August call options. Have a lot of my investment money in cash. Would sure like to see a market correction before that 4th Q burst.
Glad you held onto your WNR, nice to see some profits. GLTY
Q2 expectation for WNR appears very low to me. Expect a surprize on earnings tomorrow. Just hope guidance isn't a problem. GLTL
Hi David! I think the lifting of Iran sanctions is still in question. If it happens, it will put more crude oil on the international market and negatively impact global oil prices. Don't look for $60/share anytime soon. Lets focus on getting to the fifties first! GL David!
P.S. Dol stock??? What does that mean?
Hi Jet. I've been adding to my WNR stock with recent low prices. I think Q2 earnings will beat the analyst's forecasts. WNR has lagged their peers since getting into the MLP business. I think investors feel they can no longer calculate potential earnings. NTI's valuation is repressed for that very reason. So, maybe investors are waiting to see the official results before placing their bets. I expect a positive response to Q2 earnings and Q3 guidance. GLTY