Post by
fauxtomato on May 05, 2021 7:53pm
HFC acquisition of Puget Sound Refinery
https://s25.q4cdn.com/488560379/files/doc_presentations/2021/Management-Presentation_FINAL_Amended.pdf
US$350M purchase, 150 mbpd, projected $150M in annual EBITDA. Sourcing Canadian crude through TMP and Alaskan crude on the water.
What was interesting though is the breakdown at the end of the presentation of annual EBITDA to FCF after turnaround and maintenance capex
Comment by
AntoninScalia on May 06, 2021 1:16pm
Cheaper multiple than PGR acquisition! Even though PGR has 4x higher crack spreads the profitability margins are similar. Shows how inefficient a small refinery is.