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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (41955)3/24/2011 10:51:44 PM
From: rich evans  Respond to of 78740
 
All refiners have a hidden huge exposure to toxic waste cleanup if they ever quit the site. This is one reason for the spinoffs of the refinery operation to a separate entity.
Rich



To: Jurgis Bekepuris who wrote (41955)3/27/2011 9:45:29 AM
From: ValueGuy  Respond to of 78740
 
Agreed that the margins are very tight. Looking at the MRO 10K, the E&P portion of the business had net profit margins of over 25%, but the refining business had a net profit margin of just over 1%...but I kinda like refiners though...not many people like them...guess its the contrarian (or rooting for the underdog?) in me...

However, found this article on Seeking Alpha...makes for good reading in any case...
seekingalpha.com


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