Calumet Technicals Attracting Attention

Calumet Specialty Products Partners, L.P. (CLMT) offered us a look last Wednesday at their third quarter earnings. On the surface, the picture it painted looked fairly grim. Calumet had posted a $42.4 million profit a year ago and then came in last week with a reported loss of $34.8 million. This came out to $0.53 per share. A profit of $0.11 per share had been anticipated.

Calumet Specialty Products Partners, L.P., is a producer of specialty hydrocarbon products in North America. Its goods include customized lubricating oils, white mineral oils, solvents, petrolatums and waxes. It also processes crude oil into a range of fuel and fuel-related products, such as gasoline, diesel and jet fuel....529 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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