CVR REFINING (CVI): Much as I'd expected, CVRR will not be p...

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CVR REFINING (CVI)

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Re: None

Thursday, 07/27/2017 10:49:28 AM

Thursday, July 27, 2017 10:49:28 AM

Much as I'd expected, CVRR will not be paying any distribution for the second quarter. This makes seven consecutive non-paying quarters for MR. Icahn's cash cow. I'm sure glad I'm not sucking on his lollipop!

I have a feeling the company will not resume paying distributions until such time as the net impact of RINs is dramatically reduced if not done away with altogether. That would bean example of beautifully managed leverage as it sends the message to President Trump:

Get rid of RINs or your/our smaller refiners will either remain impoverished or go down altogether.

Ridiculous! Icahn is hardly starving.

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