HollyFrontier Corporation (HFC) owns 457,000 barrels per day ((BPD)) of Mid-Continent, Rockies, and New Mexico transport fuels refining capacity in five refineries and 28,000 BPD of lubricating oil manufacturing. Its lubes business is seeing oversupply.
In the past, HollyFrontier has benefited from severe pipeline constraints in the U.S. and Canada leading to discounted supply at several inland oil fields. With the narrowing of these discounts - which honestly were supernaturally large - and tighter regulations on oil production in Colorado, refining margins have been and could be smaller.
Nonetheless, post Tulsa East refinery