Equity Research

Recent News

  • Jul 12, 2010
    Caris & Company promotes Craig A. Ellis to Director...
    Read More
  • Jun 14, 2010
    Caris & Company appoints Jamie Ryan Pennington...
    Read More
  • May 28, 2010
    Caris & Company acts as Underwriter in Salix Pharmaceuticals...
    Read More
  • May 10, 2010
    Caris & Company appoints Sandeep Aggarwal Managing...
    Read More

Research: Refiners

Energy » Refiners



Despite calls by our political leaders to reduce our dependence upon foreign sources of oil, the country will remain reliant on gasoline and diesel and jet fuel to meet the bulk of our transportation needs for the foreseeable future. With limited new domestic refining capacity expected on-line, we will also remain reliant upon imported refined products to meet our transportation needs. As such, we believe that domestic refining margins should continued to trend ahead of historical norms into the start of the next decade, resulting in tremendous earnings and free cash flow generation for the independent refiners. With strong earnings and cash flow, and measured capital spending, we anticipate companies will continue to return cash to shareholders via dividends and share repurchases. Given these dynamics, we also anticipate continued consolidation within the sector. With more than fifteens years following the refining sector, Caris Research provides a unique perspective on the space.



Click here to sign up for a Caris Research Account





Company Name Sorted Ascending Last Modified Research
(ALJ) Alon USA Energy
Alon USA Energy, Inc. is an independent refiner and marketer of petroleum products operating primarily in the Southwestern and South Central regions of the United States. Its business consists of... click for more
8/06/201019
(ARD) Arena Resources
No introduction text is currently available for this report.
3/03/20102
(CVE) Cenovus Energy
No introduction text is currently available for this report.
8/02/20101
Energy Topics
No introduction text is currently available for this report.
9/01/201068
(FTO) Frontier Oil
Frontier Oil Corporation (Frontier) is an independent energy company engaged in crude oil refining and wholesale marketing of refined petroleum products. The Company operates refineries (the Refineries)... click for more
8/06/201015
(HOC) Holly Corp
Holly Corporation is an independent petroleum refiner, which produces value light products, such as gasoline, diesel fuel and jet fuel. The Company owned and operated three refineries consisting of... click for more
7/20/201018
(MEE) Massey Energy Co
Massey Energy Company (Massey) produces, processes and sells bituminous coal of steam and metallurgical grades, primarily of low-sulfur content, through its 22 processing and shipping centers, called... click for more
8/05/20081
(Oil/Energy Topics) Multiple
No introduction text is currently available for this report.
12/03/20081
Oil/Energy Topics
No introduction text is currently available for this report.
8/18/201025
(PXD) Pioneer Natural Resources
No introduction text is currently available for this report.
11/16/20092
(SUN) Sunoco, Inc
Sunoco, Inc. (Sunoco), operates through its subsidiaries, as a petroleum refiner and marketer, and chemicals manufacturer with interests in logistics and cokemaking. The Company's petroleum refining... click for more
8/03/201025
(TSO) Tesoro Corp
Tesoro Corporation (Tesoro) is an independent refiner and marketer of petroleum products with two major operating segments: Refining and Retail. Through its refining segment, the Company manufactures... click for more
7/30/201029
(VLO) Valero Energy Corp
Valero Energy Corporation (Valero) owns and operates 18 refineries located in the United States, Canada and Aruba that produce refined products, such as reformulated gasoline (RFG), gasoline meeting... click for more
8/03/201025
(WNR) Western Refining
Western Refining, Inc. (Western Refining) is an independent crude oil refiner and marketer of refined products based in El Paso, Texas and operates primarily in the Southwest region of the United... click for more
11/25/200916

Depending on the investment objectives and financial information specific to your situation, the investments discussed or recommended on this website may or may not be suitable for you. It is your responsibility to consider any investment decision carefully. The information contained on this website should not be construed as advice designed to meet the particular needs of any investor. Past performance is not necessarily indicative of future performance, and does not guarantee future results. The price and/or value of any security noted directly or indirectly on this website may fluctuate adversely to your interests, and/or those of other investors. Caris & Company accepts no liability whatsoever for loss or damage of any sort arising out of use of all or part of any information on this website.