I’m not interested in anything, aside from the occasional JAZZ trade, than the refiners–RIGHT NOW. Are you seeing the divergence between Brent and WTI crude today? This will be talked about soon. Mark my words.
Brent is up .30 cents while WTI is down $1.60.
PAY ATTENTION, JACKASSES.
I haven’t been this excited over the refiners since my WNR days. I abandoned them because of the shrinking spreads. At one point, WTI surpassed Brent in price, placing stocks like ALDW, ALJ and DK into the ‘fag box.’ However, things have changed since then, haven’t they?
Upgrades will be introduced to the public square and short sellers sellers will be carpet bombed, a la Dresden.
How high can they go?
Back to new all-time highs.
How’s that, pal?
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yelp puts or trip calls
How about both?
Short sellers sellers is the same as buyers?
Refining maintenance has eaten into demand for U.S.crude, helping build inventory. So we have a Glut in WTI, Brent is benefitting of the Euro run, weak USD. Europe buyers of WTI should be sniffing around soon imho. Nice not to have to deal with risk premium in Brent. So yep, great call on refiners (even though earnings should be ugly), for now.
Excuse my naiveté, but why would the spread between brent and wti matter to refiners? shouldn’t the only thing that matter be gasoline spread?
Gasoline prices are priced off of brent, refiners get it cheap when WTI drops.
I recall that WNR had much shrinkage going on depending on the crack spread, that’s for sure.
Don’t forget the 321 crack spread which is moving up on a daily basis now.
brent wti ratio can recover from here
Dear Fly ,
where can i find a chart on crack spreads?
I AM NOT ENTERTAINED!!!!
This market is boring. I like SSTK though
I would guess then that you are not a TradeBot trading NFLX every millisecond, pulling trades, adding trades to stiff the sucker retail crowd after reading their orders.
That is pretty non boring stuff.
TC – i agree – i suppose the market is not boring for those holding NFLX. My positions are boring, which is not always a bad thing!
Haven’t they had good moves already?