Tuesday, August 29, 2017 2:05:33 PM
This places dramatic upward pressure on ALDW as we have added opportunity to feed into things on the supply side. And we get oil to refine from numerous sources so EXXON is not an end-all trading partner at all.
The net effect is that the crack spread is rising and it will continue to rise given dynamics in play. Also, bear in mind that part of logistics is crude storage so we're in the catbird seat at the moment. This was much of the basis for my reflections late yesterday and early this morning, explaining my spate of posts on NGL and ALDW boards.
As I look at my screens now I find ALDW is higher by 20 cents and NGL has nearly recovered altogether. All in all, I like the way things are turning out in terms of my day's trades.
I'm finding it interesting to be playing ALDW and NGL at the same time. Ordinarily they tend to operate as offsets to one another but today is quite a different story. I think ALDW will continue churning higher while NGL may actually move in parallel motion although much less convincingly so.
Someday people might even wake up to the fact that NGL IS A REFINER!
How do we spell s-t-u-p-i-d?
Oh, well---I bought 944 units of NGL on the cheap today, and am pleased. I sold 500 ALDW which I was very reluctant to do but it made a lot of sense due to profits within. And this sets up an IRA in a far better way so now the IRA is in wait mode.
Thanks for your positive acknowledgement, always gratifying to know you're being helpful. And good luck yourself, weather-wise.
And now ALDW sits up 32 cents above yesterday's close.
Dang, is this a great pick or not? lol
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM