CVR REFINING (CVI)

[jugs]

Not knowing if it makes sense to hold onto my CVRR units after the Q2 payout, I crunched the numbers. What I'm seeing is a distribution likely in the area of 74 cents per unit next quarter. That's not so shabby as it comes out to a yield of right around 12%.

Understood that throughput is expected to be around 170,000 daily, well under the 221 previously enjoyed. There are other items sure to influence, such as the crack spread, seasonal influences, global tensions and the ever-present fear of recession.

One thing for certain---CVRR did remarkably well lately despite the unexpected fire. I judge performance by the production numbers, not the occasional mishap for which refineries are severely blamed, as it happens however infrequently. And I'm thinking the company may exceed even its glorious recent past, marred only by the unfortunate accident.

I'm leaning towards remaining invested in CVRR.