Crude Fell, The Crack Spread Didn't: 6 Refiner Stocks To Watch This Earnings Season
WTI crude fell below $100 Thursday on Iran ceasefire optimism but the crack spread held above $41 a barrel. Six US refiners are posting war-era margins with cheaper feedstock and still trade at 7x-12x forward earnings. Phillips 66, Valero, PBF Energy, HF Sinclair, Par Pacific and Marathon...