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

To: Paul Senior who wrote (41957)3/24/2011 11:18:44 PM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78741
 
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.



To: Paul Senior who wrote (41957)3/27/2011 9:54:57 AM
From: ValueGuy  Respond to of 78741
 
Very impressive gains! I'm sure everyone would have loved to have gotten in on them....IMO with oil prices unlikely to go down...there is still some scope to invest in refineries...

I think if I were to invest in refineries now, VLO, TSO and DK appeal to me..though I don't think it would ever be possible to repeat the kind of gains you made earlier.

Will continue tracking them and see what happens


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