CVR REFINING (CVI)

[jugs]

Yesterday there was a flurry of upgrades due CVRR from analysts projecting a price target of $9.

It's not much higher than the current valuation accorded but underlying is something else:

For a long time, now, CVRR has led the way with respect to ALDW. It has quite convincingly traded at points well higher than the other. This is not to say that one is worth more than the other, only to acknowledge that it's being suggested that the prevailing value associated with CVRR be $9.

The problem I'm having is that CVRR has been a miserable failure for all of this year! Grab that $9 valuation if you like but I hope people won't misinterpret the guidance from analysts as being meaningful organically.

Then we look at ALDW which sits a few cents above $9 but with recent guidance pointing to $11.50. I'm thinking that next week ALDW is going to fly well past today's price. But CVRR might just fall back when people realize that there's been absolutely nothing backing up any reasons to hold or buy the stock in many months. If anything, Icahn's unpleasant posturing may produce a negative effect.

Then again, if he truly does have Mr. Trump's ear, then the RINs debate and resolution would certainly mitigate much negativity in the area. But which of the two aforementioned picks do you figure to benefit more conspicuously?

I'll let you decide that one for yourselves.

Mean me! Mean---bad dog!


ARRFFFFF!