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EnvestorFirst (< 20)

More Refiners Set For Success In 2011



August 17, 2011 – Comments (2) | RELATED TICKERS: CVI , HFC , ALJ

With the recent down turn in the market, we keep reading more about oil refiners. Oil refiners seem to have no been fazed by this down turn, and can potentially do very well for the remainder of the year. Michael Filloon has compiled some great information on oil refiner stocks you should consider.


HollyFrontier (HFC), in my opinion, is the best run refiner in the space. Although it may not grow as fast as some smaller market cap competitors, it has very good assets. Holly beat second quarter earningsposting $3.58/share vs. the Street’s $3.29/share. Income increased year over year from $1.24/share. For the first six months of 2011, HollyFrontier has earned $5.16/share. The first six months of 2010 earnings were $.71/share.


 CVR Energy (CVIbeat estimates in the second quarter of this year. It had an EPS of $1.48 versus the Street’s estimate of $1.32/share. In the second quarter of 2010, CVR Energy had an EPS of 1 cent. Increased margins for petroleum products and improved prices for nitrogen fertilizer are the main reasons for its improved earnings. CVR Energy’s refinery had margins per crude oil throughput barrel of $25.49 for the second quarter of 2011. The second quarter of 2010 margins were $6.70 per throughput barrel. Gross profit increased to $19.36/throughput barrel versus $1.13 in the second quarter of 2010. CVR Energy is a great way to play the refiners. Analysts estimate it will grow 713% this year and 20% per year for the next five. CVR Energy trades for 7.82 times forward earnings."


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2 Comments – Post Your Own

#1) On August 17, 2011 at 4:43 PM, TDRH (96.93) wrote:

Was hoping to see WNR, but I understand space is limited.

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#2) On August 17, 2011 at 7:50 PM, EnvestorFirst (< 20) wrote:

I posted about WNR in a previous message. You can find the info here:

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