CVI News and Press, CVR Energy Inc. From 12/21/20

Icahn Enterprises holds many out of favour equities across private and public markets, a signature of Icahn's highly contrarian investment strategy. However, at current market rates for the kinds of equities he holds, Icahn Enterprises seems overvalued. For upside you'd have to as...

CVR Energy (CVI) says its board approved its plan to spend $110M on a renewable diesel project at its Wynnewood, Okla., refinery, which will convert the refinery's hydrocracker unit for renewable diesel service.Upon completion, expected in mid-2021, the Wynnewood refinery should have the capa...

SUGAR LAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced that it has received full approval from the Company’s Board of Directors for its Wynnewood renewable diesel project, which will convert the refinery’s hydrocracker unit for renewa...

Blueknight Energy Partners (BKEP) +18.9% pre-market after agreeing to sell its crude oil terminalling, pipeline and trucking business segments via multiple agreements for ~$162M.The company will sell its crude oil terminalling segment to Enbridge (ENB) for $132M, and sell its crude oil pipeli...

CVR Energy ([[CVI]] +2.3%) pushes higher after Tudor Pickering Holt upgrades shares to Buy from Hold, highlighting valuation and the potential to sell off its Delek stake.Tudor analyst Matthew Blair also sees CVR as well positioned to capitalize on M&A opportunities in PADD 4 given t...

Low-profit margins and high capital expenses are characteristics of nitrogen fertilizers manufacturers such as UAN. Raising sales volumes to compensate for the low margins has become necessary. This has incentivized mergers and acquisitions in the industry. Investing in UAN has si...

U.S. gasoline demand for the just-concluded Thanksgiving week fell more than 25% Y/Y, likely foreshadowing a difficult holiday season for American fuel makers.Wednesday demand alone fell 38% compared with the day before Thanksgiving 2019, GasBuddy's Patrick DeHaan says."COVID is just killing ...

SUGAR LAND, Texas, Nov. 24, 2020 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) today announced that Company management is scheduled to present at the Bank of America 2020 Leveraged Finance Virtual Conference on Tuesday, Dec. 1, at 9 a.m. Eastern. The accompanying slides and a link to the...

Carl Icahn’s 13F portfolio value decreased from $19.72B to $17.37B this quarter. Xerox was increased while decreasing Herbalife and dropping Caesars Entertainment. Also, some Occidental Petroleum warrants (22 strike, 8/3/2027 expiry) were acquired during the quarter. Icahn ...

Refining names resume their week-long rally, as Pfizer's coronavirus vaccine offers some demand light at the end of the COVID-19 tunnel while looming refinery closures around the world look to keep supply in check.[[VLO]] +8.4%, [[MPC]] +7.2%, [[PSX]] +7.8%, [[HFC]] +7.7%, [[CVI]] +8.8%, [[DK...