CVR REFINING (CVI): It's no fun eating crow but getting to t...

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michaelmerriman

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michaelmerriman

Re: jugs post# 296

Tuesday, 01/13/2015 5:07:10 PM

Tuesday, January 13, 2015 5:07:10 PM

It's no fun eating crow but getting to the $19 or higher we hoped for is certainly less likely now in the short to medium term than I had hoped for when buying at the start of this year. Jumped the gun, without a doubt, but who would have expected something like a negative Brent-WTI spread?

My advice to anyone interested in the stock: wait for oil to bottom and catch this stock on the way up. Until then, everyone is running scared from the sector and there might be more downs than ups for a while here.

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