January 19 WNR filed form S-4 with their estimated registration of 17+ million new shares dilution to raise some 626+ million dollars adding debt to make the deal happen. http://archive.fast-edgar.com//20160119/AJ2ZM22GZW2RF9Z2222H2ZXOMUHEZZ22NS82/ They will need a lot of cash flow generating a lot of EBITA to get back to their projected price of $48 from the current $30 price. Seems headed the other way at least short term in spite of being called a buying op here by some. http://www.streetregister.com/stocks-that-offer-fresh-buy-signal-western-refining-inc-wnrinternational-business-machines-corporation-ibm-medical-properties-trust-inc-mpw/2514566/