"Can the US refine enough oil? The United States has adequate refinery capacity to process its current and projected crude production, however the free world oversupply of refining capacity will persist through the few remaining years of increasing world crude oil production and thereafter." But you are entitled to indulge in wishful thinking.
Ecomike "Gulf hurricane season threats to non Texas/Houston coast states will run fuel prices up.." This may be relevant for traders but short-term price fluctuations are hardly of much relevance to investors.
Ecomike Check PBF Energy! Your shares in BDCO are for sale at a pps of 40 dollars. A much bigger company in the sector trades at a p/e of 1.57. Assuming BDCO will have earnings per share of 3 dollars this year (which is optimistic it seems to me) and the p/e ratio is the same the pps would be 4.71 dollars. That is a far cry from 40 dollars. But I see a poster thinks you have a very good analysis. I disagree.
"Ratios & Margins PBF Energy Inc. All values updated annually at fiscal year end Valuation P/E Ratio (TTM) 1.57"
Ecomike "Nasdaq up list of BDCO coming!" This is a stock for clueless traders when it comes to fundamentals. NASDAQ is a trading platform for investors and sunrise industries like AI and not for sunset companies like BDCO. u
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