CVR REFINING (CVI)

[jugs]

Yesterday, on the heels of the Citigroup revised rating on ALDW, I mentioned that I'd be expecting to see some upwards price movement here in CVRR-Land. Today we may be seeing just that. I hope so.

I've got just 2,000 units with a cost basis of $7.08 so there's a nice gain to be enjoyed. However, I'm not feeling the need to qualify my position via higher valuation nor would I be moved by news of a forthcoming distribution. I'm here for capital appreciation, mostly.

That said, I am looking forward to Summer of 2017 when I figure things will be more stable in the energy sector. Too, the new year's reevaluated driving habits will be fully established and I expect gasoline will be dearer to investors with profits on their minds.

It's good to see CVRR at above $9 despite the single penny showing.