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Investors in the U.S. refining sector are by now familiar with the severe demand disruption that occurred to refined fuels in March and April of this year. The arrival of the COVID-19 pandemic in the U.S. was marked by lockdown orders being implemented across almost all of the country in the s...
Citing ongoing coronavirus pandemic, CVR Energy (NYSE: CVI ) and HollyFrontier (NYSE: HFC ) have cut their workforces in recent weeks, according to three sources, reports Reuters. More news on: CVR Energy, Inc., HollyFrontier Corporation, Energy stocks news Read more ...
Foreword Dan Burrows in Kiplinger Investing says: "They say on Wall Street that if you want to make a small fortune, start by investing a large one. No, you can't become a billionaire solely by copying their every move, but it's always interesting - and often constructive - t...
D6 Renewable Identification Number [RIN] prices tumbled by up to 15% earlier this month on the news that refiners have asked the Environmental Protection Agency [EPA] to retroactively grant small refinery exemptions for the last decade (see figure). Still reeling from a federal appellate cou...
A month ago I made the argument that the effects of the COVID-19 pandemic were threatening to cause a return of "RINsanity" in the merchant refining sector by next year. This was premised on the decline in gasoline consumption in 2021 that is expected to occur even as the federal revised Ren...
Foreword Dan Burrows in Kiplinger Investing says: "They say on Wall Street that if you want to make a small fortune, start by investing a large one. No, you can't become a billionaire solely by copying their every move, but it's always interesting -- and often constructive -- to know w...
Last month I discussed the policy reasons for U.S. merchant refiners' heavy investments of late in renewable diesel production capacity. That expansion, which is being largely driven by merchant refiners such as CVR Energy ( CVI ), HollyFrontier ( HFC ), Marathon Petroleum ( MPC ), Ph...
Last December merchant refiner HollyFrontier ( HFC ) became the latest member of its sector to announce its intention to begin producing renewable diesel. At the time the company intended to build a 8,000 bpd (123 million gallon per year) renewable diesel unit [RDU] at its 100,000 bpd Nava...
Bloomberg reported this week that the U.S. Environmental Protection Agency [EPA] has sent to the White House its proposed biofuel blending volumes for 2021. While details will remain limited until the proposal's public release, which is supposed to occur later in Q2, enough is known to sta...
The Environmental Protection Agency has drafted a plan to slightly lift biofuel blending targets next year, Bloomberg reports. More news on: Valero Energy Corporation, Marathon Petroleum Corporation, Phillips 66, Energy stocks news, News on ETFs, Read more ...
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SUGAR LAND, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- CVR Energy, Inc. (NYSE: CVI) plans to release its second quarter 2024 earnings results on Monday, July 29, after the close of trading on the New York Stock Exchange. The Company also will host a teleconference call on Tuesday, July 30, at 1 p.m...
2024-07-12 08:00:13 ET Paul Cheng from Scotiabank issued a price target of $24.00 for CVI on 2024-07-12 07:20:00. The adjusted price target was set to $24.00. At the time of the announcement, CVI was trading at $24.66. The overall price target consensus is at $29.00 with...
2024-06-09 05:23:00 ET Carl Icahn is one of the most famous activist investors on Wall Street. He's known for investing in companies with the goal of unlocking value for himself and other shareholders. Today he owns around 15% of Southwest Gas (NYSE: SWX) via his Icahn Enterprises...