Soleil Securities Comments on U.S. Refiners
More News related to FTO
- Matrix Lighthouse Rating Changes 11/14
- Frontier Oil (FTO) Declares $0.06/Sh Qtr Dividend
- Frontier Oil Declares Cash Dividend
- Frontier Oil Corporation Announces Mike Jennings to Be President and Chief Executive Officer of the Company on January 1, 2009
- Frontier Oil (FTO) Misses Street's Q3 Views
More News related to HOC
- Morning Movers 11/26: BCE (BCE) Lower After Buyout Hits Snag, Deere (DE) Lower on Cautions Outlook
- After-Hours Movers: Thomas & Betts (TNB), J. Crew (JCG) Lower On Guidance
- Standard & Poor's Announces Changes to U.S. Indices
- S&P Announces Changes to US Indices: WCN for PHLY, STBA for WCN, MTD for BGP, HOC for LFG, TMP for SPC
- Minera Andes reports third quarter 2008 results
More News related to VLO
- Auto Industry Poised for Turnaround While Utilities Could Reach Profits of Their Oil & Gas Peers, According to wRatings 2008 Study on Competitive Advantage
- David Moenning's Daily State of the Markets: 11/04
- Goldman Sachs Downgrades Refiners (VLO, HOC, SU, TSO, FTO)
- Valero Delays Projects for Major Maintenance Turnarounds and Reduces Spending by Nearly $2 Billion Through 2009, an Industrial Info News Alert
- Valero Selects Engineer to Perform Preliminary Design for Low-Sulfur Diesel Project in New Jersey, an Industrial Info News Alert
More News related to Analyst Comments
- BMO Upgrades Spectrum Brands (SPC) to Market Perform
- Maxim Upgrades Palomar Medical (PMTI) to Buy
- RBC Capital Upgrades DSP Group (DSPG) to Sector Perform
- UBS Upgrades Morgans Hotel Group (MHGC) to Buy
- Janney Montgomery Scott Upgrades Wright Express Corp (WXS) to Buy.
Soleil analyst says, "Raising our 2H08 forecasts for refining margins and earnings for the group since we expect it to take some time for all the hurricane-affected refineries to return to normal production, and we do not expect refined product inventories to reclaim average levels until around YE08. We expect all refining stocks to benefit from rising earnings estimates and falling crude oil prices in the near term, but we remain concerned about weak demand. Our top recommendations in the sector remain Buy-rated Frontier (NYSE: FTO), Holly (NYSE: HOC), and Valero (NYSE: VLO). We are upgrading Western (NYSE: WNR) to Buy from Sell due to an expected increase of its usage of lower cost crude oils."
Frontier Oil Corporation is an independent energy company engaged in crude oil refining and the wholesale marketing of refined petroleum products.
Related Categories
Analyst CommentsStocks Mentioned
+0.81
-0.48Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
