Why are refiners up when oil is @ all time high?

Discussion in 'Stocks' started by ByLoSellHi, Apr 16, 2008.

  1. Mean reversion means nothing in the one era crude breaks through $119 and the non-integrateds have to buy all their oil on the open market, and their margins get HAMMERED as a result.

    At this point, they can't grow their eps or margins because they will literally do worse by refining more oil.
     
    #11     Apr 22, 2008