CVR REFINING (CVI): Today the story is... never expect rapid...

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Re: michaelmerriman post# 324

Wednesday, 02/04/2015 11:02:47 AM

Wednesday, February 04, 2015 11:02:47 AM

Today the story is... never expect rapid turnarounds when it comes to such a huge industry. The report says inventories are double what was expected. I am not surprised. Wishful thinking wont stop a major trend like the supply demand world oil balance shift. In time demand can catch up but as I guessed the seasonal factors of usage combined with the ramping production around the world, especially here, will make it hard to sustain the rebound. Gaps are always filled they say and the latest one which had all these energy stocks gapping up had me looking for this dip. I am trolling for cheap units here today. First 300 about to fill at 17.65. Stay tuned!
edit: Filled 300@17.65
Next bid will be 200@17.55

"A nickel isn't worth a dime today." Yogi Berra

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