Still in with what I had, before this dip. Have been through this before. The only difference is, I was younger then. May pick up a little more, for my dollar cost averaging, but will stay the course for the dividends.
There are a couple of pipelines coming her to Northern Nevada, and a very small tank farm. You actually think that every refinery in California has it's own pipeline and tank farm. The answer is no. The only difference is in the additives, that are added at the tank farm, and then shipped to the stations. You have no idea which refinery it came from.
Well, I'm sitting on a lot of RD right now. I don't believe is buying high and selling low. I will stay the course and collect the dividends, and if it gets into the fifties, I will get a few more shares, and it will really help my dollar cost averaging.
I went through 3 strikes with RD. Did not seem to slow down anything. Management will run the plants at about 75% capacity, and not push the envelope. I believe the last strike was in 1980. Shell had strikes in 69, 72, and 80 if my memory serves me correctly. Shell is usually the last refiner for the strike to end.