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Old 10-24-2012 | 11:29 AM
  #113483  
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shiznit
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Joined: Feb 2009
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From: right for a long, long time
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Anybody see the Reuters story that said Trainer is supposed to make a $300 million yearly profit with a $16 crack spread?

It went on to say that the current Brent crack is roughly $20, and the Bakken is running about $42!

The gain is roughly $18.75 mil per dollar of crack.

$20 crack would yield $375 mil yearly
$42 crack would yield $787.5 mil yearly

If UAL wants to buy a refinery we should either buy it to capture the "20% domestic and whatever % international", or bid it up high so UAL massively overpays.