NEW YORK, NY--(Marketwire - Jan 31, 2013) - The Oil & Gas Refining & Marketing Industry experienced an impressive revival in 2012 as access to large supplies of North American crude have helped improved refiners profit margins. Bloomberg's S&P's Supercomposite Oil & Gas Refining & Marketing Index (S15OILR) has gained nearly 80 percent in the past year. Research Driven Investing examines investing opportunities in the Oil & Gas Refining & Marketing Industry and provides equity research on HollyFrontier Corp. (
Access to the full company reports can be found at:
The emergence of hydraulic fracturing has unlocked large reserves of oil that were previously inaccessible. Access to these reserves has made North American crude a viable option for refiners. As of last Friday, U.S. West Texas Intermediate at Cushing, Oklahoma was priced at roughly $96 a barrel, nearly $20 less a barrel than the international benchmark Brent crude.
The Energy Information Administration (EIA) earlier this month reported that oil production in the U.S. surpassed the 7 million barrels per day mark, which is the highest level in nearly 20 years. The EIA forecasts U.S. oil production will increase an additional 14 percent in 2013.
Research Driven Investing releases regular market updates on the Oil & Gas Refining & Marketing Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.RDInvesting.com and get exclusive access to our numerous stock reports and industry newsletters.
HollyFrontier is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. Through its subsidiaries the company operated 5 refineries with a combined capacity of 443,000 barrels per stream day. The company is scheduled to release its fourth quarter before market open on Tuesday, February 26th.
Western Refining is an independent refining and marketing company headquartered in El Paso, Texas. Western operates refineries in El Paso, and Gallup, New Mexico. The company is scheduled to release it fourth quarter and full year 2012 results on Thursday, February 28th. Western Refining's Board of Directors has approved a $0.12 per share dividend for the first quarter of 2013.
Research Driven Investing has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: