Lunch... some crazy drop from 10.10 to 9.50, ...bots don't eat.
I see CVRR hit $10.60 and is at 10.45 at the moment. I quit looking at it when I sold out before the election.
I suspect the RINS regulations are in danger of going away,(YEA!) or changing due to Trumps pick for the new head of EPA. If RINS regs change as Icahn advises his friend on such matters, CVRR could benefit more than ALDW due to the ALDW's chain of 7-11s that support the RINS rule for the single refinery company. CVRR is a pure gathering and refining MLP. Their two refineries have more throughput and when the spread was at its peak had more cash flow for Icahn to play with. I am staying away because he clearly does not value us little investor. I would point to the special divi he paid himself owning 82% of CVI the GP, back when the shale WTI/Brent spread was highest.
$10 here has been conquered and will certainly return soon toward the next residence point... $11.50?
"You’ve got to be very careful if you don’t know where you are going because you might not get there."
"The future ain’t what it used to be" "A nickel ain’t worth a dime anymore."
-so long Yogi, we will miss you-