CVR REFINING (CVI)

[pete807]

I can buy those 1000 shares back now and will in small lots... and yes I knew I was missing a great opportunity in January, while I was required to wait to get the credit toward tax day, but the action since the first of the month now has me waiting for a potential pull back, only because I believe oil has not bottomed yet and could very well touch 40 or lower before more drillers can't afford to drill, which won't affect the many new producing wells here either. Saudis don't really have any choice but to keep their output high with their new projects and new competition from shale, and tar sand. Time will tell as we get into higher volume gas use toward summer. Currently the huge surplus in gas is highest in 30 years and won't go away while we have travel killing weather here and slower demand growth abroad. Shakeout in crude production is just beginning and has a ways to go, so it is anyones guess when the supply demand curve will warrant a return to even 60-70 range, if anytime very soon. That said I still believe CVRR will rise above 20 again this year. GLTA!