PBF PBF Energy Inc - Ordinary Shares - Class A

Refiners stocks continue to show relative strenth - $PBF $VLO. Yesterday I paid $7.40 per gallon in San Diego.

$PBF Trump’s Russian diesel deal could put some pressure on refining margins. Diesel futures already down over 4%. Will be interesting to see how this plays out next week, especially if more supply comes onto the market.

$PBF saw some notable OTM calls bought today - $1.3M+ order for the $80 calls (10/16) - $1.1M+ order for the $77.5 calls (10/16)

$PBF Whoever thinks the recent rally was fake or overdone, it really isn’t. If we look at the longer term chart it clearly shows it’s simply going back to the prior uptrend.

$PBF WTI up 4.1% over five days while PBF is down 9.0% over the same window: a 13.1-point divergence that is the sharpest refiner dislocation in the current data set. Crude input costs are running faster than crack spreads can absorb, and independent refiners with less feedstock flexibility are wearing the compression that integrated majors can partly route around. The read flips if crack spreads recover before the next crude leg higher; without that, the selloff extends regardless of where WTI goes next.

$PBF Nice. 1 lot lol Crazy that this refiner operating moderately well while other refiners across the world are being bombed has 11.5% short float and only a little over one hundred million shares.

Profitable now at PBF Energy: $1.4B over the past 12 months, after a $982M loss the year before. Currently an Excellent 18 on the Quality Score, #37 of 3,283. $PBF

🟢 $PBF 80C Nov 20 💰 $154,900 premium 💵 $0/contract 📊 0.58x Vol/OI 📍 Spot $78.06 💰 Large premium | 🚨 Repeat sweep 🌊 Dark Flow | Options Flow

$PBF Inventory context for the current squeeze. US distillate stocks are running about 13% under the five-year seasonal average. Globally it is worse than that. Stocks hit their lowest August level since 1951. Distillate is the middle of the barrel: diesel, heating oil, and the fuel that moves ships and trains.