I just love it when Marathon has an explosion and the stock does not go down you got a love it oops it’s a Holiday
21beardog
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There’s a rumor out there that the Martinez facility Has accomplished the circumvention of the 6.5 California regional district pollution requirements by new innovation technology… supposedly they are now in the range of 1.1 to 1.2. That is well below 2.0… particulates of pollution measured by the state of California.
So it looks like they will not have to spend $1 billion for a scrubber.!
Also it looks like maybe they were in the range of 2.5 to 3. million in revenue per day in the end of last quarter…. I think it is flagship of all PBF facilities.
PBF has a great Management team the market just doesn’t realize it yet.
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https://www.reuters.com/article/refinery-sale-lyondell-houston-idUSKBN2IJ015
HOUSTON (Reuters) - Officials from independent U.S. refiner PBF Energy last week toured LyondellBasell Industries’ Houston refinery, which went up for sale in September, people familiar with the matter said on Friday.
FILE PHOTO: An aerial view of LyondellBasell-Houston Refining is seen in Houston, Texas, U.S. August 31, 2017. REUTERS/Adrees Latif
Representatives of other companies have not yet toured the 263,776 barrel-per-day (bpd) refinery located along the Houston Ship Channel, the sources said.
A spokesperson for chemical maker Lyondell declined comment on Friday.
“As a matter of policy, we do not comment on market rumors or speculation,” said Lyondell’s Kara Slaughter.————————
PARSIPPANY, N.J., Dec. 23, 2021 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) announced that Paul Donahue has been elected as an independent director effective January 1, 2022.
PBF Energy Logo
Thomas J. Nimbley, Chairman of the Board and CEO, commented, "We are very pleased to have Paul join the PBF Energy Board of Directors. He is an accomplished executive and leader with over 33 years of experience in finance and investing, with extensive energy industry experience and will be a significant addition to the Board."
Mr. Donahue is currently the Managing Partner and Co-Founder of Black Squirrel Partners, a growth equity and content acquisition platform focused on the consumer/retail, technology and music industry verticals. In 2020, he retired from Morgan Stanley, where he last served as Head of Americas Equity Capital Markets, was a member of the Global Capital Markets Operating Committee and was Chairman of Morgan Stanley's Equity Underwriting Committee.Well at least they have a new board member that can help in any type of acquisition.. it’s saying the sale may take place in the very first part of 2022 I guess we will see.
- Someone was asking 300,000 barrels in the water and the equity goes up…. Well my thinking is this 300,000 barrels are not on the market less product.
Also the rumor is Martinez facilities has made up to $3 million to $2.5 million “ a day “ in the last two weeks in California and that does not take into account the Rins cost.
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In determining the scale of the RFS, and the number of small refinery exemptions, the White House is able to impact the price of fuel, the price of food, and the cost structure for independent refineries.
To the last point, Credit Suisse has upgraded CVR Energy (NYSE:CVI) yesterday, as a significant reduction in the RFS could benefit CVR and other similarly positioned refineries like PBF (NYSE:PBF) and Delek (NYSE:DK).
With gasoline, diesel, corn and soybean prices all well above average levels seen in recent years, inflation at multi-decade highs, and Biden's approval rating near the lows, Reuters has speculated the White House will significantly cut the RFS, reducing food costs, fuel costs and boosting US refineries.
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I wonder what will be the next track he will pull out this one’s not going over well. I do know he bought about 1 million shares at $2.19… well he paid too much for them look where they are today. I guess he thought it would work in the pattern like GE did recently splitting it’s stock and rising the price well didn’t happen here…. F-up huge.
I know he’s scratching his head he can’t figure out what the F- happen…. It’s because he did not look at him self in the mirror…. and to see himself for what he….not a very good CEO not a very good visionary person. I think he’s just looking for a way to make money at every turn and it is not for the stockholders in my opinion it’s strictly for himself….5mil down. The market does not like what he is doing…Right.
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Oops wrong board
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I wonder what will be the next track he will pull out this one’s not going over well. I do know he bought about 1 million shares at $2.19… well he paid too much for them look where they are today. I guess he thought it would work in the pattern like GE did recently splitting it’s stock and rising the price well didn’t happen here…. F-up huge.
I know he’s scratching his head he can’t figure out what the F- happen…. It’s because he did not look at him self in the mirror…. and to see himself for what he….not a very good CEO not a very good visionary person. I think he’s just looking for a way to make money at every turn and it is not for the stockholders in my opinion it’s strictly for himself….5mil down. The market does not like what he is doing…Right.
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Wow this is not looking good I am assuming that his conference call went off poorly it shows in the equity pricing you got to believe in the STORY…..I think he’s not gonna be able to pull it off that’s what the markets telling me.
He’s putting a press releases saying this is going to happen however I don’t think it’s gonna happen and the market doesn’t think it’s gonna happen otherwise the price will be a whole lot higher…. Or at least in the green…. This is not consolidating this is getting set up for trade to the downside IMO. -
The only way I see this thing going up is if management went in there and bought as many shares as they could buy illegally and the stock would move up until then I’m holding out for $1.40
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I think most people who are on this stock know what it’s about however people cannot change in the management they are what they are we do see them for what they are as for the smoke and mirrors stuff change your names it could be a plus…. We have now approach 2 million shares but we are negative I wonder why he may have some good things to say in his meeting right now however it’s all being discounted because of his past behavior.. all he knows is one thing private placement with warrant of equity and reverse splits that’s it….that’s what he’s about that has never has made money for stockholders everybody should realize this….
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I think the stocks will bounce hard to the downside the CEO has no good backers willing to step in and buy his shares in the open market he has a huge problem. Nobody will trust him no analysts will go in there and put their hard money to work with this man they simply look at him like a charlatan…. As for that special dividend in going forward don’t count on that either not with him…. Sometimes it’s all about character this guy has none….I do have some of the shares however I will sell them as soon as I can.
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You cannot blame people for selling this thing the leader ship without question is extremely poor if you look at the CEO pass history anybody with enough common sense realize the future will be the same I do not expect CEO To change his ways.
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We are doing pretty good today considering a contractor felt to his death from a height of 60 feet… in Benicia California.
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Sweep cast with very bad options going forward.
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Everybody so quiet must be trying to cover $16.00 and up we go
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Well last week there was a Townhall meeting on the West Coast it was explained to employees that they will be in the black this quarter and also for the financial year ending in December.
it was also discussed that the possibility of bonuses for the employees of PBF energy will most likely be paid out in February 2022 a reward for doing well during this pandemic and of course ending in the black for the full financial year 2021.
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