BRDS hitting .23 AH

Farmer @ Johnsongrass, TX said:

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Towns03 said:

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Hey Farmer, what's the takeaway here?

we have more oil on hand than normal but less refined products? So buying into refining companies is the play?

I know I'm oversimplifying here but if you make it any more complicated you'll lose me

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Refineries running at 85% to 88% efficiency...refineries have been delaying maintenance....can't use crude up fast enough...it's an inventory Long reported in crude.....but since refineries are inefficient they cant utilize crude to make refined products(fast enough) and still need the plant to go down for maintenance....and this should be the BUILD season for refined products and it's going the opposite direction. Bullish. They can't catch up. XOM bringing that Beaumont expansion on line was perfect timing. Don't focus on that crude number now...focus on refined products. Crude is short, world wide, it will play out..

Demand in U.S. is 0.5million barrels a day greater than 2019 (pre-freakin-COVID). Let that sink in versus all the demand destruction the media pushes on us.

"So, buying into refining companies is the play?" ..... A few weeks ago I posted,....Buy refineries, crack spreads are juicy for all of 2023, doesn't matter which one - just pick one. .... I wouldn't expect you to remember individual posts, my point is, you are on the correct path/thought process/etc.

XOM is a refiner too.

Right now XOM can't miss. Again, their leadership team since pre-Covid has had the midas touch. I can't say enough good things about that leadership team. They are in rare air.

Hope this helps. Rock on.

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Refiners were up today 2% to 4.5% depending on who you own. Congratulations if anyone bought a refiner. Hold them through 2023. Crack spreads are rewarding and it will show up in earnings this entire year. Hard to see this refiner play getting blown up in 2023. It's gonna be awesome.

BSG: Congratulations and the little man is crying for you to buy a refiner. He said food & diapers can wait.

Evening Gents!

I could argue this both directions. Forget all the SRs for now.

For me lose the trend line and we trade into the blue zone. I have had those zones pegged for a while. You can look back at charts I have posted.

We traded into the lower first one for a nice trade. We are in the upper one now and holding.

Lose the trend line and we trade into the blue zone (at least) IMO. Not necessarily by the blue vertical line.That's just a place holder for me of intersections.

Notice volume profile. Think market wants to see Fed next steps.

Heading home today! Appreciate you all and thanks for the congrats!

Congrats! That baby doesn't even look like a newborn. He's ready to crawl out of that place on his own.

Brds up another 20% premarket to .23
I'm buying a couple 0 or hero calls this morning. Feels like a big green trend day

wanderer said:

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Congrats! That baby doesn't even look like a newborn. He's ready to crawl out of that place on his own.

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Before we know it BSGJR will be active on this thread XD

BaylorSpineGuy said:

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Heading home today! Appreciate you all and thanks for the congrats!

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Great looking little fella BSG! The maroon feet on the blanket are a nice touch. You're bringing that kid up right!

JuanDurfel said:

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Before we know it BSGJR will be active on this thread XD

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$30,000 Millionaire said:

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Really strange action in my opinion.

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I am the $300 Thousandaire when it comes to the weight of my opinion, but, yes... this gap up feels a little sus.

BaylorSpineGuy said:

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Heading home today! Appreciate you all and thanks for the congrats!

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This kid is going to be breaking many a woman's heart.

I could be wrong, but I don't think today is "the day" for the big move. If they do it today, it will be out of the blue and start with an algo during lunch most likely.

Yesterday API numbers showed a draw. A biggun.

I'm sure folks are waiting for the EIA numbers this morning for confirmation.

Outlook ahead,.....energy going higher.