Dicker: A Refinery Victory Lap
To be fair, I wasn't particularly bullish on refiners during their big run over the last year, but the moment to take profits wasn't too hard for me to see.
That's because margins for the refiners, particularly for those in the mid-continent like HollyFrontier
So, as the "spread" between the two began to moderate a few weeks ago, from near $20 to under $15, I wasn't shy about suggesting that maybe the run in the refiners would be nearing an end. That prediction has played itself out in the past three days.
I talk more about the refiners with Jim in the video above.
At the time of publication the author had no position in stocks mentioned.
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