Unique financial nuggets

[Southie]

Re: Unique financial nuggets

@Southie

Oil / gas exploration megafirms have been beaten down relative to the market. Over supply due to shale oil gas. Cant export due to rules. Increased supply. Lower demand. This has aided refiners. Who made hay.

Has the pendulum swung too far? Is that light we see at the end of the proverbial tunnel?

Sir, the timing of your last sentence couldn’t have been better. Refineries in the US are increasing their capacity of existing plants. And also buildiing some new plants. Some plants known as Toppers (I think) can only refine the lighter fractions. They refine it to precursor of end product and ship it off shore.

So what you ask? Didn’t u read the quoted post? Must we serve everything in a silver platter?

Source last week WSJ. Due to funding constraints we simply cannot afford to go back into old piles of paper and reference them. What we write here is from memory.