Energy Prospectus

https://www.energystockchannel.com/3-2-1-crack-spread/

Was as high as 60 +

Market isn't worried (as much) about diesel availability

So, is this a buying opportunity or is the economy crashing

Note received from Raymond James research team this morning.

In this month’s refining update, or “Crack Check,” for September 2022, we: 1) raise estimates
again for (most) refiners for 3Q; 2) consider what the market is (and isn’t) pricing in for the
outlook on refining ahead of 3Q22 earnings; 3) discuss investor sentiment and debates; and
4) review why we think the risk/reward is attractive.

Raising 3Q estimates — is consensus in the right ballpark? With margin indicators
bouncing back in late August and our expectation that capture rates should be flat to
slightly higher than 2Q22’s levels, we are raising our 3Q22 numbers for most of our refining
coverage. Our numbers now sit in-line with to slightly above consensus overall, and we
think consensus is in the right ballpark heading into revision season (though obviously the
last three weeks of September can change outcomes substantially). Trading has remained
focused on the macro as our refining coverage has moved largely in-line with each other,
increasing the importance of relative valuation.

crack spread 32 today

Here is what one company is doing with the cash

https://www.sec.gov/Archives/edgar/data ... ment-n.htm

Dino market cap is 11.4 b

They just completed one 1 b buyback now launching another 1.b HELLO