Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of all-American refinery operator Western Refining
So what: Western Refining's second-quarter sales and earnings fell short of Wall Street's targets -- on perhaps the worst of all possible days. From minnows such as Delek US Holdings
Now what: This is just one in a stable full of disappointing oil reports this week, coupled with economic worries and even a potential oil disaster caused by rising waters in the Missouri River. Crude oil prices are also down to their lowest levels since February, easing consumer pressure at the pump but adding to the industry's panic. Let me just remind you that BP
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