CVR Energy Inc
Latest CVR Energy Inc News and Updates
The Brent–WTI Spread Drops ~10.4% in the Last Five Sessions
The Brent-WTI crude oil spread was $3.78 per barrel on July 16, down from $4.22 per barrel on July 9. The Brent-WTI spread dropped ~10.4% from July 9 to July 16.
Can the US Dollar Index Help WTI Crude Oil Prices?
The US Dollar Index fell ~0.13% to 93.89, and July WTI oil futures rose ~1.2% on June 5.
US Distillate Inventories Rose for the Eighth Time in 10 Weeks
US distillate inventories rose by 0.64 MMbbls (million barrels) to 139.8 MMbbls on January 12–19, 2018, according to the EIA.
Energy Stocks: Last Week’s Top Gainers
Between August 18 and 25, 2017, CVR Energy (CVI) was the largest gainer among our list of energy stocks.
TC Pipelines Was the Top Energy Loser Last Week
On March 9–16, TC Pipelines, Enbridge Energy Partners, Dominion Energy Midstream Partners, and Spectra Energy Partners were the top energy losers.
How New Sanctions on Iran Could Affect Crude Oil Prices
On May 8, President Trump announced that the United States is exiting the Iran nuclear pact. Trump now plans to impose new sanctions on Iran.
US Oil Production Steady for the Third Straight Week
The EIA estimates that the US crude oil production could average 10,790,000 bpd in 2018 and 11,760,000 bpd in 2019.
US Distillate Inventories Fell for the Third Time in 10 Weeks
US distillate inventories fell by 3.8 MMbbls or 2.7% to 139.2 MMbbls on January 5–12, 2018. The inventories fell by 29.9 MMbbls or 18% from a year ago.
CVR Refining Surged 8% on Exchange Offer from CVR Energy
On May 29, CVR Energy (CVI) announced its intention to exchange shares of CVR Energy for 37 million common shares of CVR Refining.
Carl Icahn: Analyzing Q3’s Top Buys
On November 14, Carl Icahn’s Icahn Capital Management filed its form 13F. In the third quarter, it included two new stocks.
ET, CVRR, and DM: Top MLP and Midstream Losses Last Week
Energy Transfer (ET) was one of the few midstream stocks that fell last week. Energy Transfer fell 3.1% last week.
CVR Refining Stock Up 7% in After-Hours Trading
CVR Refining (CVRR) reported its third-quarter results on October 24 after the markets closed. The stock rose 7.2% in after-hours trading yesterday.
Institutional Investors’ Views on CVR Refining
CVR Energy (CVI) owns 65.9% of CVR Refining’s (CVRR) outstanding shares.
Which MLP Stocks Were the Biggest Losers in February 2017?
Biggest MLP losers of February 2017 CVR Partners (UAN), the MLP formed by CVR Energy (CVI) to own and operate its nitrogen fertilizer business, was the worst performing MLP last month. The huge decline in UAN’s stock price can be mainly attributed to its weak 4Q16 earnings. UAN’s 4Q16 earnings were negatively impacted by lower […]
Some Hedge Funds Suffer Massive Losses on Energy Stocks
Hedge fund investors David Einhorn and Carl Icahn placed massive bets on energy, which has proven to be a costly mistake so far. Oil has fallen from more than $100 per barrel in the summer of 2014 to its present ~$40 per barrel levels.
Surging OPEC Production: Crude Oil Prices Could Test $52 per Barrel
OPEC’s monthly oil market report showed that crude oil production increased by 810,000 bpd to 30.79 MMbpd. The increased production was led by Saudi Arabia.
