Par Pacific Holdings: A Risky Play In A Cyclical Industry
Source: SeekingAlpha
2025-12-24 16:42:53 ET
Thesis
Investing in small refiners can be a risky endeavor. In a moment, margins are healthy. Those same margins can quickly shift to below break-even levels. This is a common theme among small refiners who struggle to stay competitive across the entire commodity cycle. Par Pacific ( PARR ) falls into this category with a total capacity of less than 200,000 barrels per day....
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Par Pacific Holdings: A Risky Play In A Cyclical Industry
Marathon Petroleum Corporation
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