CVR REFINING (CVI)

[jugs]

No way are these stock boring! And you don't find them that way, I know. They bring their own rules of operation due to their tax advantages. But more than anything, they track---in their own way--- popular sentiments associated with oil and gas. As students of O & g, we tend to be somewhat more sensitive to changes and can be well positioned to take advantage of opportunities many others will miss. Case in point:

CVRR closed today at $17.22. The more experienced among us here know the stock is ridiculously underpriced. It may drop further, especially if oil continues its downward slope. But I don't buy into the anti-hype and have been buying all three MLPs---not to say my first buys aren't underwater for they most certainly are. However, through careful buys in moderately sized tranches, I expect a return to profitability is in store for me soon enough.

Prices in the oilfield are not the final arbiters when it comes to establishing longer term valuations for refining stocks. It is really that simple. But not all investors are prepared to move with complete autonomy, so the stronger among us will prevail.

Best of luck to all here!