WNR hedged their way out of a great quarter, AGAIN. Although they beat on revenues by almost $400 million, they fucked up again on EPS. Like I said in a previous post, they might be retarded, so don’t get mad at them. I suppose one could make the argument that they were simply being prudent, in the face of record spreads and a high debt load. I don’t buy it.
I am not in good mood and will be listening to their conference call at 10am.
On a side note, TDC beat nicely and the market is going to melt the fuck down today.
Cheers!
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Damn!
Breaking News: WNR management to meet with SD management for naked jello wrestling tournament. Film @11
How’s it feel to be limbless on the curb?
How does it feel to be
BANNED
I’m just glad I didn’t follow you into Hades.
You’ll be back.
Prosthetics are better than ever…
However, no need for bridge jumping. This isn’t DNDN….While slightly impaired, I do believe it was prudent. Looking forward to answers to future hedging.
Christ… This is like the 4th time in as many months I’ve gotten fucked going into a company’s earnings. This is the last time. Fucking fuck.
Breaking news:Researchers thank entire management team at WNR for donating their brains for scientific study, advise other prospective donors that delivery of the pledged organ is best done posthumously and generally doesn’t involve ziploc bags and a bicycle messenger.
Deja Fucking Vu: http://ibankcoin.com/flyblog/2011/05/05/the-end-of-an-era/
Aren’t derivatives just great?
WNR fucks themselves.
What’s that APC? Oil is touching $100? Too bad you are obligated to sell most of it at $80.
BG went through a phase where they couldn’t make money in the mother of all crop price melt ups.
If these companies weren’t so terrified of not making money, they might actually be able to make some fucking money.
fucking pussies!!
Well said!
market is not going to melt down today. wat is wrong with u FLY, by this sh*t up today, this is free money here. I’m gonna go pick it up now
The WNR story is still alive and well. Don’t get me wrong. I am not selling a share. It just pisses me off that they hedged their way out of another great QT.
Fly I agree. Unbelievably annoying, but I’d like to think that this qtr would be the last of egregious hedging, and that they get in the fucking game. Hopefully, someone makes mngmt. address this.
Try to have a good day.
They still made a ton of money and the spreads are still wide. So if you are selling today, in my opinion, you risk missing out on upside.
their con call at the end of Q1 said that they hadnt hedged for Q2!! that was ~5-6 weeks into the quarter……wtf??
$wnr getting killed down 8 %
Other refiners up: DK, HFC, CVI
Good god when will the fucking bleeding stop….this tape is brutal.
there’s that pesky train again
My SLF going to the upside.
BOJ dropped the Homo-Hammer on the Yen
enough is enough. i’lll get back in when it hits 14-15 again. blew a fucking call on it to. fuck this tape i’m going back to my tile job
This market is painful to watch.
It seems like all the news is so bad not one hint of good news.
So oversold but I don’t blame the market all the data sucks and Jean Trichet is a dumbass.
BWW
I’m F*ckn locked and loaded long now. that was the last dip! sPY 124.15 sooooo attractive!
short the crap out of these terribly flawed ETF’s called the Direxion 3x shit shares. This is the time to watch these shares dive 3 times more, than there suppose too
somehow my WNR got rammed up my arse!!!!
EVERYONE DO THE HUGH!!
WNR is going to $10 fool.