CVR REFINING (CVI): As explained on CNBC Friday, we likely c...

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CVR REFINING (CVI)

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Sunday, 08/27/2017 8:03:27 AM

Sunday, August 27, 2017 8:03:27 AM

As explained on CNBC Friday, we likely can expect crack spreads to widen as feedstocks (crude) continues to be pumped, creating a surplus, and a shortage of refined products (chiefly gasoline and jet fuel) causes the selling price to increase. Thus, more margin for the refiners that are still on line.

I have no idea what the capacity of CVRR is at Coffeyville is. Hopefully they have not shut down anything for seasonal Maintanence or seasonal changeover. If so, I'm hopeful they are working hard to get 100% capacity back on line.

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