$4.90 -0.10 (-2.00%)
12/3/2009 4:02 PM

Western Refining, Inc. (WNR)

CAPS Rating: 5 out of 5

The Company, through its subsidiary, is engaged in the business of refining crude oil into gasoline, diesel fuels, asphalt, other refined products, and selling its products, purchased from third parties, to various customers.

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Member Avatar jdlech (51.25) Submitted: 8/1/2008 6:56:31 AM : Underperform Start Price: $7.90 WNR Score: +9.79

WNR reported a loss last quarter and crack spreads have narrowed since. I expect an even bigger loss this quarter while analysts are predicting smaller losses. I think WNR is set up to hit a new yearly low.
And then comes the short squeeze.

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Member Avatar jdlech (51.25) Submitted: 8/6/2008 12:38:40 AM
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Update, CLMT (a similar refinery) has posted blowout earnings. This bodes well for WNR. Thursday is the earnings call and possibly the start of a short squeeze.Short interest has risen to 9,454,448 shares, with 6.348944 days to cover.

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