Refineries are moving up

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Fraser921
Posts: 2955
Joined: Mon Mar 22, 2021 11:48 am

Refineries are moving up

Post by Fraser921 »

crack spread down from highs but very strong vs relative numbers

https://www.energystockchannel.com/3-2-1-crack-spread/
Fraser921
Posts: 2955
Joined: Mon Mar 22, 2021 11:48 am

Re: Refineries are moving up dino

Post by Fraser921 »

I was listening to DINO this am earnings call
Huge beat 5.59 eps for the qtr beating analyst estimates. They have 8.55 per share cash
ebitda was 9.31 per share for the qtr. They could easily do 20 per share for the year and putting a 5 x on it (right Dan?) is $ 100
Name is 47.00 atm

The thing that surprised me was the refinery margin per gallon, any guesses?.........

a measly .07 cent per gallon over cost. So when you were paying 5.00 bucks a gallon and Biden was having a hissy fit, this refinery made 7 cents for everything that they do.

They also commented no demand drop
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