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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (41957)3/24/2011 11:18:44 PM
From: Jurgis Bekepuris  Read Replies (1) of 78746
 
If you believe that 2009 was the bottom of the cycle then refiners are still a buy.

I am not sure what the cycle for refiners is based on. 2002(?)-2007(?) price rise for VLO seems to correspond with the oil boom. However, it's not clear for me why oil boom would be good for refiners who operate on crack spreads.

Or does it generally correspond to economic cycle? In this case they are still a buy again, unless you think there's gonna be double dip.
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