PBF Energy Inc. PBF

It appears the market does not believe OPEC is going to continue with the cuts that they’ve had in place because they cheat on each other.

And since President Biden has done a tug-of-war with OPEC by releasing oil from the reserves, and whether people like it or not, gasoline, prices have come down.
Personally, I never thought he would win this tug-of-war with OPEC but apparently, he has. Oil “might” be dead money for another quarter.?

It looks like Brazil has joined OPEC. What does that mean..Might help hold the price firm in this area only, we shall see.$

Over the years on the earnings call, there have been a couple of times when analysts ask them directly, are you investment grade and the answer is a real quick response, yes we are, they are asking that question I think because of the way it’s organized, it’s all LLC corporation’s limited liability per unit, and the market looks at it as a bunch of little tiny refineries in the Market. I think they want to look at it as one singular company instead of being all these small units, and yes, they do make money and make quite a bit for size however, there’s a problem the float is simply too small.

In the old days, a small float looked good to investors however, the way hedge funds operate as a single pack they can take down just about any company If you have a much larger float diversified, it becomes more difficult for them to wreck have it on companies.

Sorry, wrong board

we have 1:15 minutes to go before the market closes. Volume is still at normal, under 22 million so far today.

Still, there is no rush to cover for the shorts as of this moment.

However, if they panic a little bit, we can see that $6.50 is possible. With 500 points to the upside, I believe this rally will continue into the a.m. and maybe a cell off tomorrow around noon.

I will take a small position at 39.50 range and then build from their.

Looks like we are in a holding pattern.

Hirisk…enough with the propaganda. People who trade this stock…know this stock.

Hirisk…this is old news.