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Trading with The Fly

Dr. Fly
Indeud

Finally Someone Gets It

Dr. Fly Thu Jun 30, 2011 9:51am EST 8 Comments

Morgan is out with a report today explaining the bull case for the refiners, saying mid-continent refiners stand to benefit, significantly, from oil at Cushings. FINALLY!!!

They go on saying the bull case for HOC is $98 and WNR $26. It is a very bullish piece, indeud.

In simple terms, the refiners who have access to Eagleford shale or Cushing, OK, are seeing unbelievable profit margins right now, thanks to the divergence between Brent and WTI. If you are shorting refiners, you will lose a tremendous amount of money.

You’ve been warned.

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8 comments

  1. Woodshedder
    Woodshedder
    June 30, 2011 at 9:53 am

    Where is it?

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  2. DMG
    DMG
    June 30, 2011 at 10:11 am

    http://www.washingtonpost.com/blogs/fact-checker/post/the-missing-facts-in-president-obamas-news-conference/2011/06/29/AGpQMPrH_blog.html?hpid=z2

    Is this it?

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  3. ralphy boy
    ralphy boy
    June 30, 2011 at 10:15 am

    Great opportunity to sell range bound position !!!

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  4. Gapping and Yapping
    Gapping and Yapping
    June 30, 2011 at 10:16 am

    It’s Cushing, not Cushings. Cushing’s is a disease.

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