These Two Refiners Hold Value
It looks like it will be an ugly start to the week, as the market focuses back onto the intractable problems of Spain and Europe. If we do see a substantial selloff, I plan to add to my positions in the refinery sector. I first outlined my reasons for believing the refiners were deeply undervalued back in late April. Since then, all of those selections have easily outperformed the overall market (see the chart below).
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