RE:RE:WHITING Refinery TRANSFORMER FAILURE Will BOOST CVE MARGINS- the US DOWNSTREAM REFINING OPERATIONS are PROGRESSING VERY WELL towards a GOOD NORMALIZED OPERATING MARGIN POSTURE
- they are VERY VALUABLE ASSETS that will DELIVER GREAT RETURNS ON INVESTMENT as the US is ENTERING an UNDER REFINERY PROCESSING STRUCTURE
* a LARGE US EAST COAST refinery BLEW UP (from FIRE) and was DEMOLISHED and NEVER REBUILT CURTAILING US refinery CAPACITY
* many US refineries SUFFER RELIABILITY PROBLEMS as they have RUN HARD in the LAST FEW YEARS and NEVER REALLY GOT the MAINTENANCE CAPEX that they DESERVED
- in this environment, WELL RUN CVE and JV PSX refineries will GENERATE OUTSTANDING OPERATING MARGINS
z173