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Fly News Breaks for March 25, 2015
HFC, WNR, PSX, MPC, DK, TSO, VLO
Mar 25, 2015 | 09:29 EDT
Cowen noted historical outperformance by refineries against underlying commodities are driven by attractive valuations throughout the timeframe and the emergence of new industry trends. The firm sees these trends emerging, which can carry the outperformance against narrowing crack spreads. Publicly traded companies in the space include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR).
News For VLO;TSO;DK;MPC;PSX;WNR;HFC From the Last 2 Days