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| DON'T BUY | 24.990 | Glenn MacNeill, P.Eng. | The refining business has had a real tough time recently, mainly because of higher costs. | 2008-05-16 | |
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| DON'T BUY | 25.000 | Gordon Reid | Refiners are probably the worst place to be in the energy space. Their cost is oil, which is expensive. Margins are being squeezed. There is so much opportunity in the energy space that it doesn't make a lot of sense to fight through the problems that the refiners have. Likes offshore drillers such as Transocean (RIG-N) or Halliburton (HAL-N) | 2008-05-14 | |
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| SELL | 30.130 | Ron Meisels | The stock is not doing well. Would be a selling opportunity at $37.00 | 2008-03-14 | |
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| SELL | 27.160 | Ron Meisels | The stock is not doing well. Would be a selling opportunity at $37.00 | 2008-03-14 | |
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| TOP PICK | 35.900 | John Stephenson | A US based independent refiner with some gas stations. Predominantly on the west coast, which generally has the highest refining margins due to the complexity because of California legislation. It has come off pretty hard. There is seasonality to refining stocks, peaking generally in the 2nd quarter. This is one you Buy now and Sell in May/June. Could possibly give you 35% to 40% in a relatively short period of time. | 2008-03-05 | |
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| DON'T BUY | 37.090 | David Burrows | There is a view that coming into the spring is a great time to start buying refiners. One of the problems in refiners is a pretty significant inventory of gasoline coming into the season. This could mean some refining margin problems. | 2008-02-15 | |
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| BUY | 37.930 | John Stephenson | A worthwhile hold and would add to it. If you pull up a chart to of the 321 crack spread on refining spread, it was $30 May of last year and today is around $10. Typically margins expand in the 2nd quarter and into the 3rd quarter. Expecting huge margin expansion. | 2008-02-08 | |
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| BUY | 35.880 | Brian Acker, CA | (Market Call Minute.) Model price is $60.11. Almost a 90% positive differential. Think it's at the bottom. | 2008-01-17 | |
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| DON'T BUY | 49.700 | John Stephenson | A good name, but now is not the time for refining stocks. There has been a real compression in the cracking spread and this is what really impacts margins. The best time to buy is in the run-up prior to the driving season. | 2007-09-26 | |
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| TOP PICK | 60.310 | John Stephenson | Refining. Cheapest metrics. Levered to transportation on west coast in US. Recently bought at $58.10.
| 2007-06-06 | |
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| TOP PICK | 50.200 | David Burrows | Despite the world's increasing production of oil, the one bottle neck is refining capacity. This is a pure play on refining. Margins are wonderful right now. They are generating so much cash, that the debt is melting away. | 2005-08-04 | |
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| SELL | 29.250 | John Stephenson | Hates this company. Only up because of the high price of energy. Has shorted in the past. | 2004-09-27 | |
Experts that have talked about Tesoro Petroleum Corp
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