Jul. 29 at 5:55 PM
$PARR With the amount of destruction happening to refineries across the globe, it could be years we see huge crack spreads. Bringing rigs online and expanding drilling operations for oil can happen quick. But repairing a refinery / bringing more capacity online, that takes years.
$100 was my price target 8 weeks ago, but now it feels like 150 is very possible. IF PARR is able to keep operations on the up and up and execute the plan, the demand and margins are there for the taking.
