Reconsidering the Refiners
One party that continues to roll in the midst of a very quiet energy sector is refining. But be careful: many of these stocks are incredibly overextended and finally facing fundamental headwinds.
The energy sector was an awful place to be in 2012, but refiners were an island in an otherwise stormy sea. Outside of financial stocks, some of the best performers on the S&P 500 were refiners, particularly those in the midcontinent, taking advantage of an unusually wide Brent crude/West Texas Intermediate spread -- stocks like Tesoro (TSO), Western Refining (WNR) and CVR Energy (CVI)....359 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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