Some jackass penned a WNR versus VLO piece this morning and now everyone is running for the exits. The people who blog through Seeking Alpha don’t know what they are talking about and should be ignored. Comparing VLO to WNR is like comparing PG to GMCR. Naturally, PG has the better balance sheet and is a great hold for old fuckers; but GMCR has the caffeinated high that us younger types crave, offering greater upside. The same thing applies to WNR. Sure, the balance sheet needs some work. However, last I checked, there are some kickass tailwinds out there.
Leverage into a down cycle is disastrous. However, if you are leveraged into nirvana, well then, prepare to bank coin.
For me, this is NOT a buying opportunity, due to my oversized position. However, if I didn’t own the name, I’d be buying with both hands today.
Last I checked, the Brent-WTI spread was still wide. And, 321 crack was soaring today, now up more than 5%. I knew this would happen, post VLO earnings. This is the unvarnished fact, not opinion: despite what the goat fucker from Seeking Alpha says VLO isn’t as good as HOC, TSO, WNR and ALJ, due to proximity of their refineries to cheap crude. During the VLO conference call, they praised their Eagle Ford refinery, as garnering supreme cracks. Well, guess what fuckface, THAT’s ALL WNR DOES: Eagle Ford all day, every day.
NOTE: I sold out of MOTR.
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MMMMmmmm…cheap WNR
All the big Hedge funds read Seeking Alpha and formulate trading strategy from there.
Stand and Deliver !!!
my WNR hath forsaken me.
Those mangie phucksticks at Alpha enjoy
colonoscopy testing without anesthesia .
What does that tell you ?
I give up. What does it tell me?
All right, bought WNR with both hands 🙂
Still long and strong $WNR. ALL IN.
absofuckinglutely be’s addin mo
well said, Docteur …. that goat focker from seeking alpher spoketh conventional wisdom, not worthy of greatness, like our resident space alien magic man 8)
WNR’s got more juice.
Seriously, I just read the article…someone in the know tell me…would a stock seriously sell off on an article that is short on specifics/analysis? Please tell me hedge fund managers are more sophisticated than that.
I like to believe they are. Anyone in the know would be a player in pushing price down to take out stops thereby fueling a short term down move in order to acquire more shares. Otherwise, if it is straight up selling, it is as you say, unsophisticated.
Fuckers shooked me out for a miniscule gain. Was once a nice glorious gain, but no more. I thought about getting some revenge when it strengthened up to 17.90 but decided against it. I think I’m done buying stocks until after The Clam gets done with his shit tomorrow.
people always sell on those articles
no, because it all boils down to what fuckface can get on teevee or the nets to bring their brand of revelation. just for a price drop, in fact these very fuckfaces bring this shit down for all to benefit, if you follow the groove
$ TLT takeoff if it breaks $ 94 resistance. WARNING: buy & Ur account could die.
Freaking love it, Fly. I agree completely but am a little worried that WNR’s creaky balance sheet forced them to hedge themselves out of a good Q…still long and strong. Will hold through Q3, I ain’t scurred.
WNR beginning to make a cumback!
WNR beginning to droop again!
Seeking Alpha’s contributors continue to disappoint at usual. That was a completely superficial analysis by an individual with absolutely no understanding of the refining industry.
It is wiser to own the worst company in a strong industry than the best company in a weak industry.
Doh!
They are prob pair trading b/c of article, short WNR and go long VLO.
I did the opposite.
it appears somebody is selling with both hands… and feet
we all saw what happened last time crack spreads blew out and refiners sold off…… teeth were removed from faces with power tools.
I really dislike the Clam.
…
lol
My mamma taught if I have nothing nice to say, say nothing at all. 🙂
vlo is a head shoulder top in making, chart monkeys all over it….it ain’t personal, just technical
seeking shit = cramer, dumb fucks…..he and they are propogandists. same umbrella
amen, what u said….if only they used there powers for good!
they dont know what good is
I am buying both MOTR and WNR today. I also went long (a shorter term trade) of COF.
This sell off had nothing to do with seeking alpha… all refiners got dumped
we know
This whole thing is rigged, sometime you get the memo sometime you get VXX’d.
If Seeking Alpha causes stocks to move down, then we need a Seeking Alpha author to push it back up with a positive article on WNR timed perfectly.
I have watched this crew dance with the refiner sector since Senor Tropicana placed his first WNR bet, and with all due respect, I don’t think any of you really understand it. It’s one of the most complex sectors to invest in (one I spent years studying and playing)…more complex than simply playing plumber’s crack spreads. My advice, which I know no one has asked for or wants, is to get out (I have no position currently)…and always hire only the most reputable plumbers.
good call,,,
For example…I quote:
“Western sources 100% of its El Paso crude requirements from the Permian Basin” [NOT the Eagle Ford Shale…see slide 8 of this “RBS Global High Yield Conference
April 14, 2011” preso]
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9ODk0NDl8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
they both (Eagle and Permian) should be able to capitalize on the WTI/Brent spread. In fact, the lack of pipelines into WNR/Permian fields means they are probably sourcing that oil for even less then WTI. Pipeline expansions to be completed into Permian in around 2 years should change that, but for now that oil has few buyers and nowhere easy to go.