Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

E_K_S

To: Paul Senior who wrote (53456)	2/19/2014 5:10:18 PM
From: LTBH	1 Recommendation Read Replies (2) of 78710

I believe its a matter of execution. In an effort to mitigate both RINs and crack spreads they have moved aggressively this last year on a number of fronts to add new geography re asphalt and the new refinery, expanding into a global footprint via the new acquisition as well as increasing capacity and debottlenecking several existing facilities. Now its all a matter of containing costs on the new refinery, lowering leverage via cash flows and execution follow through. I continue to hold a slightly over full 9.5% position with some $25 shares added on a past dip. The excess is on the block to trim position back to normal 8% size when $30 is hit. I see todays trading pretty positive in that the knee jerk only closed CLMT at $27.68 when last Friday's close was $27.41. FWIW, over the years I have purchased from the low 16s to the low 28s, I rolled off a number of units (which were my cheapest/earliest buys) when it was banging on $40 and my current average PURCHASE cost without adjustments for distributions (or anything else) is $23.5595. Luck LTBH

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next