Increased Oil Prices Could Bring These Stocks Back to Life
All of us energy investors are in high hopes that oil prices will jump back up. If oil prices do increase, there are a number of companies that would benefit from this and begin to strive. Follow My Alpha and given some details about these types of companies.
1. Sunoco, Inc. (SUN):
The company refines and sells petroleum products, and manufactures chemicals in the US. SUN’s P/S ratio is 0.1. The company’s current ratio is 1.05. The short interest for the company is 8% as of 8/15/2011.
2. Tesoro Corporation (TSO):
The company refines and sells petroleum products in the United States. TSO’s P/S ratio is 0.11. The company’s current ratio is 1.4. The short interest for the company is 15.20% as of 8/15/2011.
3. Valero Energy Corporation (VLO):
The company operates as an independent petroleum refiner. VLO’s P/Sratio is 0.11. The company’s current ratio is 1.44. The short interest for the company is 2% as of 8/15/2011.
4. Delek US Holdings, Inc. (DK):
The company refines and sells petroleum products in the United States. DK’s P/S ratio is 0.15. The company’s current ratio is 1.53. The short interest for the company is 16% as of 8/15/2011.
5. Western Refining Inc (WNR):
The company is an independent crude oil refiner and sells products in the US. WNR’s P/S ratio is 0.18. The company’s current ratio is 1.92. The short interest for the company is 0.32 as of 8/15/2011.
6. Marathon Oil Corp (MRO):
The company operates gas and oil assets around the world. MRO’s P/Sratio is 0.24. The company’s current ratio is 1.76. The short interest for the company is 2% as of 8/15/2011.
7. Calumet Specialty Products Par (CLMT):
The company produces and sells specialty hydrocarbon products. CLMT’s P/S ratio is 0.28. The company’s current ratio is 1.21. The short interest for the company is 1.50% as of 8/15/2011.
8. Plains All American Pipeline (PAA):
The company transports, stores, and sells crude oil along with other products in the US. PAA’s P/S ratio is 0.28. The company’s current ratio is 1.16. The short interest for the company is 1% as of 8/15/2011.
9. Ultrapar Holdings Inc (UGP):
The company distributes liquefied light fuel, petroleum gas, and lubricants. UGP’s P/S ratio is 0.32. The company’s current ratio is 2.31. The short interest for the company is N/A as of 8/15/2011.
10. Murphy Oil Corporation (MUR):
The company operates oil and gas properties worldwide. MUR’s P/S ratio is 0.33. The company’s current ratio is 1.26. The short interest for thecompany is 2% as of 8/15/2011.
Keep an eye on the oil prices, and if they begin to increase, strongly consider these stocks. When those prices begin to perk up, start your research, and get ready to buy in to these 10 stocks.
Quotes taken from report by Follow My Alpha, Read the entire article here.
This is not an offer to buy or sell securities. Oil investment carries with it very high risks. The information contained within this site has not been nor will it be verified by Turn Key Oil and is subject to change at any time. We are not a United States Securities Dealer or Broker or United States Investment Adviser. Do your own due diligence and consult with a licensed professional before making any investment decisions. Please read our full disclaimer before making any decisions.
Western Refining Announces $200 Million Stock Repurchase Program
Declares Third Quarter Dividend of $0.08 Per Share
Jul 18, 2012 5:00:00 AM
2012 GlobeNewswire, Inc.
EL PASO, Texas, July 18, 2012 (GLOBE NEWSWIRE) — Western Refining, Inc. (NYSE:WNR) today announced that its Board of Directors has authorized a share repurchase program of up to $200 million. The share repurchases may be made from time-to-time through open market transactions, block trades, privately negotiated transactions or otherwise and are subject to market conditions, as well as corporate, regulatory, and other considerations. This share repurchase program may be discontinued at any time by the Board of Directors.
Additionally, the Company’s Board of Directors approved a cash dividend of $0.08 per share of common stock for the third quarter of 2012. The dividend will be paid on August 13, 2012, to shareholders of record at the close of market on July 27, 2012.
Jeff Stevens, Western’s President and Chief Executive Officer, commented, “We have made tremendous progress in strengthening the Company’s balance sheet and these actions demonstrate our commitment to delivering value to our shareholders. This share repurchase, in part, is to address potential shareholder dilution related to our convertible notes which mature in 2014. In addition to the share repurchase program, we are pleased to be able to double the cash dividend for the third quarter.”
Stevens continued, “Given that we have significantly reduced our debt and have confidence in the sustainability of the current margin environment, we are pleased to increase the level of cash being returned to shareholders through this dividend.”
About Western Refining
Western Refining, Inc. is an independent refining and marketing company headquartered in El Paso, Texas. Western operates refineries in El Paso, and Gallup, New Mexico. Western’s asset portfolio also includes stand alone refined products terminals in Albuquerque and Bloomfield, New Mexico; asphalt terminals in Phoenix and Tucson, Arizona, Albuquerque, and El Paso; retail service stations and convenience stores in Arizona, Colorado, New Mexico and Texas; a fleet of crude oil and finished product truck transports; and wholesale petroleum products operations in Arizona, California, Colorado, Maryland, Nevada, New Mexico, Texas, and Virginia. More information about the Company is available at http://www.wnr.com.
The Western Refining, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7615
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements which are protected as forward looking statements under the Private Litigation Securities Reform Act of 1995. The forward-looking statements contained herein include statements about possible repurchases of shares under the share repurchase program, shareholder dilution relating to our convertible notes, future cash dividends, and the sustainability of the current margin environment. These statements are subject to the general risks inherent in our business. Our expectations may or may not be realized. Some of our expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, Western’s business and operations involve numerous risks and uncertainties, many of which are beyond Western’s control, which could materially affect Western’s financial condition, results of operations and cash flows. Additional information relating to the uncertainties affecting Western’s business is contained in its filings with the Securities and Exchange Commission to which you are referred. The forward-looking statements are only as of the date made, and Western does not undertake any obligation to (and expressly disclaims any obligation to) update any forward looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events.
CONTACT: Investor and Analyst Contact:
Jeffrey S. Beyersdorfer
(602) 286-1530
Media Contact:
Gary Hanson
(602) 286-1777
Source: Western Refining, Inc.