Originally Posted by
dragon
Scambo, it was a good read. A friend of mine in the oil business thought we were nuts to buy a refinery that was never "profitable". I don't think he or any other oil guy saw why Delta did the deal and SD does a nice job of explaining it to us. It's all about the crack spread (no FTB we don't need pics).
So what Delta and SD are telling us, is that know more about the oil business than the folks that are in it do.
At the end of the day, Delta will have to write the investment in Trainer off.