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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wowzer who wrote (112845)	10/30/2008 11:49:41 AM
From: CommanderCricket	1 Recommendation Read Replies (3) \| Respond to of 206150

Wowser, Consider yourself slapped. If you want to own a refiner, at least buy an integrated company with upstream assets to offset the downtream. Consider MRO, COP or even XOM Learned the hard way this spring, the independents are going to struggle from here on out. Too many newer refineries in Asia coming on line so competition is going to get tough, especially for gasoline.

To: Wowzer who wrote (112845)	10/30/2008 3:08:10 PM
From: energyplay	Respond to of 206150

Wowzer - crude prices have wide swings, gasoline prices have wide swings, and refiners make money on the spread. In today's environment, it is much too easy for a refiner to be like an early Honda civic squeezed between two 18 wheel semi trucks - not a nice outcome. (The Honda disappears and the semis now each have 20 wheels and a bunch of sticky goo to hose off) Long term (> 1 year) this may be a great buy, but the next 6 months could be horrible. Consider some upstream companies, maybe dividend paying, and use the dividends to buy refinery lottery tickets. I am prejudiced, I just got burned with WNR, so you should apply a large discount to my viewpoint.