I want you to look at a few things, small man.
First this:
WTI Crude
Now this:
321 Crack Spreads
And this:
Finally this:
Refiners
It’s a horrible market. Yes, most stocks are trading lower. But, you must understand, the recent decline in oil has HELPED refiners. Cracks have widened and the WTI-Brent spread is back above $20, near historical highs. On top of that, these stocks have been targets of high profile fund managers, like Icahn, Tepper and Stevie Cohen.
So you have great underlying fundamentals, solid growth and a strong shareholder base. That’s the trifecta dick guillotine for people who are short these names. The chips are heavily stacked against you Sir. In order for you to make money, well, you would require the entire European financial system to collapse, or something silly like that. Ha, we all know that could never happen!
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Not cut off yet, just laying it out there under the guillotine.
It’s “Dicks”, not “Dick”. “A” game, son! Great call tho – and that’s all that really matters.
You must feel stupid that it does say “dicks” and not “dick.”
Apology accepted in advance
The dicks are not the problem. It’s whose, not “who’s.”
Damn it!
Trifecta Dick Guillotine – Sounds like one of those TV ads that say “Wait, there’s more, you get TWO more Trifecta Dick Guillotines absolutely free.
Of course the fine print states shipping and handling $225.
It’ll be good to get this Facebook IPO overwith.
The thing with the market is you can find a million different reasons why the market moves. Yon can choose to use one of these million reasons or just accept that the market moves.
Indeed, your WNR looks erect and ready to explode…
Gotta give credit where due. CNBC posting Financial Times story today showing Thor still inspiring Norway traders. Youse guys doing this?
http://www.cnbc.com/id/47456431//
I’ll see your wager and counter that refined petroleum sales volumes have been collapsing, with gasoline demand making new lows.
Big profit margins. Small profits.
CVI is an interesting one, although it is not supply/demand driven. Paulson noted yesterday that there are two options for the Icahn buyout, $30 or $35. The latter is a $5 one time divi payout to shareholders out of the goodness of his wallet. Therefore the bet is $0.55 down, $4.45 up. Risk/reward is high. I’m not going to play it, but I’ll just throw that out there if you missed it.
Just how many people have made real happy coin following the lead of Carl Ichan? I’d treat both of them to lunch at Four Seasons.
Bring out your dead…Bring out your dead…
Monty Python
Coal stocks just getting ass pounded.
The gold vs market split is just what I have been hoping for. It signals the end of the world as we know it. At least for today.
I am in the process today in expanding my knowledge of Crack Spreads. I realize that is an area which I have little knowledge in yet. OK what I know is this, WTI is much better a Oil then Brent I believe. The Brent amount was higher then the WTI because of Iran, China Growth and cuz we couldn’t get the oil out of Cushing. So, if the Seaway Pipeline starts pumping the stuff down to the coast, why would Brent be able to keep this price level vs WTI…so therefore the spread should get tighter? Or am I missing the picture?
I realize that is an area which I have little knowledge in yet.
That’s never stopped you from commenting on other areas. I’m sure you’ll read a couple of websites and have it all figured out in no time.
But to cut you some slack, yes the spread should get tighter once a significant volume of oil starts flowing through that pipeline.
Po…thanks.
The pipeline is only going to be a trickle for the first several months, too.