RE:RE:RE:RE:Refining MarginsDont hold your breath JT Adolf Stalin welfare paymaster just appointed Green Peace criminal environment minister - say good by to AB O&G and hello to crippling fossil taxes.
Better dump the covid cash trucks, boats, homes and sugar babies now before the west looks like Somlia, only with 500% debt ratios LOL
2021Gamble wrote: I will be accumulating TWM over the qtr before the next dividend
No inside knowledge or anything foolish like that, but I am a fan
fauxtomato wrote: Typing this out has made me reconsider future plans. As much as I'm patting myself on the back for cashing out of TWM at ~$1.34 and moving to SDE at ~$4.50 [roughly a return of about 50% vs a return of about 15% to today's prices] I think there is, financial engineering aside, potential for TWM post LCFS spin off.
Q3 and Q4 will likely be lumpy with the LCFS proceeds and resulting commitments, partially offset by financing cost savings and benevolent volumes/pricing, but 2022 and 2023 are set for remarkable DCF generation. If there is a spike in NG beyond where we're at now and I get the chance to exit some SDE/PIPE/TOU, I may redeploy the proceeds to TWM to catch the ramp in volume / decline in pricing wave that happens in the second half of the winter.
Thinking out loud here. TWM could double its dividend, but KEY at $32 is equally compelling with a better integrated and tested logistics machine. Right now it feels like they all have tailwinds, but trying to figure out timing to optimize returns.