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May 2008



Crack Spread Going Parabolic!

May 27, 2008 – Comments (3) | RELATED TICKERS: WNR , VLO , ANDV

Today, with oil at $128 and change per barrel, gasoline at 3.38 a gallon, and heating oil (diesel) at 3.79 at NYMEX, the crack spread is $19. For the refiners, this is great news. With crack spreads now going parabolic (only last week it was around $15), rather than the steady rise we have seen since the November lows (around $7), NOW is the time to get in to one or more refining stocks. Higher crack spreads always result in higher prices for the pure refiner stocks!  [more]



So How Is Retail Doing?

May 22, 2008 – Comments (4) | RELATED TICKERS: WMT , COST , RTH

A little over half a year ago now, I put my red thumbs down on a lot of retailers. I promised to keep you posted, especially since I predicted that that call would propel me into the top 100.  [more]



What is going on in Oil?

May 22, 2008 – Comments (5)

My first pick this year was an outperform sector call on oil exploration and oil services. Oil was just crossing $100 at that point. I argued that there was nothing magical about this "milestone", and that I foresaw that oil would continue to go up long-term. I made about a dozen and a half outperform picks based on rising oil, all of them oil explorers and oil services. Today, I am closing most of those picks (all in the green, average score about 25).  [more]

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