Originally Posted by shiznit

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.