All good points. I do feel that Calumet is more diversified than most refineries (imo) f they can trend away from oil and gas more in the next 5 to 10 years they should be in a good space since the oil export ban has been lifted.
Too much competition (cost) of oil in the future is going to hurt all refineries totally depend on oil
You are right. Yahoo shows 52 week high above 21--this reflects AFTER split.
That was the average share price AFTER split.
Enjoy you post
I also wish I had not stayed. buybacks/rs usually are a cover for mgmt. not executing IMO.
Another view--(and there are many of those
For Boris Schlossberg of BK Asset Management, the divergence in performance is a telling sign of which companies are thriving under successful management, and which ones are not.
"The key takeaway here is that buybacks are not going to cover up the sins of bad management," Schlossberg said Wednesday on "Trading Nation. "The companies that are poorly managed are just not going to be able to benefit from a buyback strategy." Les
I agree--"fund families" are NOT going to join the party when management is not performing the duties they are paid to do. I have always thought mgmt. was performing well here and that is why I stayed in--guess--another bad decision on my part? My bad.
Thanks for the input