Unlike most energy general partners, CVR Energy doesn't own incentive distribution rights to stable income-producing pipeline and processing assets. Instead, its assets are more directly exposed not just to commodity price volatility, but to volume fluctuations. That causes a lot of volatility within its own cash flow, putting its ability to maintain its dividend in question. It's something investors need to keep in mind before banking on this currently high-yielding stock, because that payout might be cut if the income it receives from CVR Refining and CVR Partners keeps dropping.

He had named Valero Energy Corp, Western Refining Inc, HollyFrontier Corp, Tesoro Corp, and Marathon Petroleum Corp as possible buyers.