From a recent Mad Money show:"No, you can have that one. The only refiner I like is Marathon Oil (MRO) for its dividend."

Chart and cash flow yield

Sell - Price 12.11 on June 10
by Soleil Group

WNR's debt troubles are add[ing] to difficult year...with the shares having declined about 80% from its July 2007 highs versus a 12% drop in the S&P 500....But with WRF trading at a significant premium to its peers on 2008 and 2009 EV/Ebitda, high regulatory and maintenance capital expenditures...and the likelihood that a debt covenant will be broken at the end of 2Q08, we believe additional downside in the share price remains. Market cap: $827.4 million.

The stock has had 17,485 shares purchased by insiders, and no insider sellers in the last 6 months.

Western Refining (WNR) was upgraded from Sell to Hold, Deutsche Bank said. $28 price target. Stock has lost its premium valuation, though the refining outlook remains difficult.

With oil going only up, I found a refinery that is a cash cow, and that has much up potential

Western Refining (WNR) was upgraded to Neutral rating from Sell at UBS. Price target and FY 2008 eps estimates hold at $42 and $2.96, respectively.

Due for break out

made me some money

Very high insider ownership at around 40%; Refiners have a tough season and the fall is it. Good time to average down into it. Crack spreads are low which is bad for refiners short term. The problem is, no new refineries built in 20 years and people are not slowing their consumption of gas heating oil or Jet fuel. Until the price of gas slows consumtion, this stock is trading at a serious discount to est earn. growth. Lots of cash. Just diversified vertically in giant merger which gives retail presence and a huge pipeline to Midland, TX which means more revenue they didn't have before.

keeps going down