The duckling lost a good bit of fat today. I have a few STU, expecting good but not spectacular gains.
I also like the diesel refinery. Only done back of env estimates as too many unknowns, but looks to me significantly positive. Makes sense that if a diesel refinery is going to work anywhere, it would be in the Cooper.
Big questions in my mind are; 1)what would the diesel yield be 2)What value the byproducts relative to crude price.
I am not familiar with diesel topping refineries. Must find a text.
Entropylord
STU Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held