Tso

[tokyojoeskid]

I am sure you guys have been watching the refiners. I originally bought a position in TSO when I thought it was "dirt cheap" trading below book value at 22. Well the market crapped out and it dove all the way down to 7 and some change. I thought to myself you have got to be kidding me. It bounced back alittle and I loaded up at 10. Right now I am sitting pretty and sold some off at 14.50. Decent earnings today, might pull back in the short term but definitely looks pretty solid.

What do you guys think?

TJK

*****************************

"Stocks are for losers, ETF's for life"

http://www.discountinvestmentadvisor.com/

[mrmarket]

I am sure you guys have been watching the refiners. I originally bought a position in TSO when I thought it was "dirt cheap" trading below book value at 22. Well the market crapped out and it dove all the way down to 7 and some change. I thought to myself you have got to be kidding me. It bounced back alittle and I loaded up at 10. Right now I am sitting pretty and sold some off at 14.50. Decent earnings today, might pull back in the short term but definitely looks pretty solid.

What do you guys think?

TJK

*****************************

"Stocks are for losers, ETF's for life"
http://www.discountinvestmentadvisor.com/

Refiners are a little scary. There are millions of barrels of capacity coming online in the Far East that will be making diesel for local consumption and exporting gasoline to the US. Also there are a couple of big Gulf Coast projects coming on line in the next couple of years (Marathon, Motiva). Refining margins will be under pressure.

The good news is that blending ethanol doesn't make as much economic sense anymore so some of that will come out of the motor pool.