67 WALL STREET, New York - March 3, 2014 - The Wall Street Transcript has just published its Oil & Gas: Refining, Independent and Major Integrated Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Oil Price Expectations - Unconventional Resources - Capital Expenditures and Consolidation Activity - Oil and Gas - Emerging Shale Plays - Shale Drilling Capital Expenditures - Independent E&P Opportunities
Companies include: Alon USA Partners, LP (ALDW)
In the following excerpt from the Oil & Gas: Refining, Independent and Major Integrated Report, the CEO of Alon USA Partners discusses the outlook for his company for investors:
TWST: Let's begin with a brief summary description of Alon USA and a picture of things the company is doing today.
Mr. Eisman: Basically we operate with three different business segments. The first one is our biggest one, and that's our refining segment, with three different operations. The legacy operation of the company is our Big Spring refinery out in West Texas. It's located in the middle of the Permian Basin, where the country is producing all that crude, so it's a great place to be.
The second operation is our Krotz Springs refinery, which is in Louisiana along the Gulf Coast, actually a little bit Northwest of Baton Rouge. And we are actually benefiting from discounted crude oil there also. So we are very excited about the positioning of these two assets and their potential to generate cash going forward. The last operation is California, and that's where we have had most of our challenges. To this point we've not yet been able to deliver discounted, domestically produced crudes into that refinery, although we have a plan to do so. And so we are also excited about the future of those assets in California.
The second segment we have is our asphalt marketing segment. We are one of the largest marketers of asphalt in the western United States. We sell lots of premium grades of asphalt modified with ground tire rubber and other polymers to make specialty products for local, state and federal projects. And lastly, we have a retail marketing business that has about 300 stores, out in West Texas and New Mexico, primarily. We are the largest licensee of the 7-Eleven brand in the United States.
TWST: As you make decisions and devise tactics for 2014, what are some of the dynamics within the global economy or within the refining economy that you will focus on as you set a strategy for this company?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
- Basic Materials Industry
- Utility Industry