CVRR - CVR Refining About To Post A Blowout Quarter
A LITTLE HISTORY
CVR Refining is a master limited partnership that has had a controversial history given its majority ownership by Carl Icahn. Along with the rest of the oil industry in general, and the refining industry in particular, CVRR had huge problems from the end of 2015 though the early part of last year. Crack spreads (the difference between the price of crude oil input and the price of products sold which are mostly gasoline and diesel) collapsed to the point where they were losing a lot of money. The climb back of both