Delek US Holdings, Inc. (DK): Mixed news on refining... PES has to re...

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pete807

Re: None

Friday, 02/02/2018 10:39:59 AM

Friday, February 02, 2018 10:39:59 AM

Mixed news on refining...
PES has to reorganize due to millions owed the EPA in RINs.
Some big oil stocks posting better results than ever. Icahn says those connected to retail get unfair advantage in RINs. DK has largest US block of 7-11 franchises acquired from Alon.

Oil is down today..

Exxon reported a more than $8 billion profit in the last three months of 2017 as it recorded a $5.94 billion benefit from the new tax law. That was up from earnings for the same quarter a year ago of $1.68 billion, or 41 cents a share.

On an adjusted basis, which omits the bump from the new tax law and impairments, earnings fell 2.2% to $3.73 billion, or 88 cents a share. Analysts polled by Thomson Reuters were expecting adjusted earnings per share of $1.04.

"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-