Aug. 27 at 4:03 AM
$PARR diesel inventories are at an all time low. Crack spreads are at an all time high. We're entering a seasonal higher demand period soon. Hormuz is still in limbo. Another Russian refinery is in flames.
I mean bears will be bears and ride this to the end but the share price has basically no downside right now with the 18 month cash flow outlook. As long as production stays online Par Pacific will be a cash printer the next 6 quarters and netting a 7 to 10% yeild on capital investments.
$100 seems more a given every day, par would still be valued cheaper then Sinclair DINO.
Now I wonder, do we deserve
$200? If Parr was at 200 today it would be valued about even with big dogs Marathon and Valero on fundamentals.
