Blog Post

Back from my trip overseas and back in the market.

Making a tactical bet on oil refiners for the medium-term (next 3-6 months most likely). Refiners are somewhat independent from other energy stocks / price of oil and have taken a beating over the past year.  FTO beat earnings today but dropped over 8% on fears future results will be further negatively impacted by the weakening U.S. economy and the effect of record high crude. 

The drop today helps the positive features of this stock (1. fantastic insider buying trend 2. growing crack spread 3. low p/e 4. lowered speculative pressure on crude prices) outweigh the risks, creating a highly favorable investment opportunity for bargain hunters and fundamental buyers.