Bulls REASONS TO BUY
Bears REASONS TO SELL
May 18, 2013
(Stock Blog Hub, 5/2/13)
On Apr 17, Zacks Investment Research downgraded energy downstream operator, Western Refining Inc. (WNR), to a Zacks Rank #3 (Hold). Why the Downgrade? Western Refining is an...(read more)
(Penny Stock DD, 2/2/11)
Manitowoc Company, Inc. (NYSE:MTW) surged by 27.40% and closed at $17.11 whereas overall traded volume stood at 20.57 million shares for the day as compare to its average volume stood at...(read more)
Shares of Western Refining Inc. (NYSE: WNR) are trading up 7.8% at $7.47 per share during the Thursday afternoon trading session. The day's trading range for shares of Western Refining Inc has been between $7.00 and a 52-week high of...(read more)
Western Refining (WNR) Company Overview
Western Refining (NYSE: WNR) owns and operates four oil refineries in the Southwest United States, with a capacity of 234,000 barrels per day (bpd). Western Refining's profits are determined primarily by the cost of refining crude-oil and the prices at which the Company can sell those refined products. However, Western Refining has increased the amount of cheaper, low-grade crude oil that its refineries can process in anticipation of higher crude prices and lower profit margins in the future.
Western Refining faces new competition from Gulf Coast oil companies, which have begun to supply the Southwest United States through the Longhorn Pipeline. In response,Western Refining has expanded its refining capacity through acquisitions of other independent refiners. In particular, Western Refining’s 2007 purchase of Giant Inc. doubled their refinery capacity.(Read more at Wikinvest )
What's in this WNR analysis on Wikinvest...