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Refineries are moving up
Posted: Wed Aug 03, 2022 9:25 am
by Fraser921
crack spread down from highs but very strong vs relative numbers
https://www.energystockchannel.com/3-2-1-crack-spread/
Re: Refineries are moving up dino
Posted: Mon Aug 08, 2022 10:23 am
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