CVRR earnings call for the period ending December 31, 2018.
News & Analysis: CVR Refining
The buyout clauses in place for CVR Refining's shares mean that investors are at the mercy of the parent company.
The North American crude oil market has been moving in favor of refiners lately, and now CVR Energy wants to buy out the remaining stake in its subsidiary partnership.
The company announced a transaction that will dilute existing shareholders.
It's not that often that a refiner can have a significant portion of its capacity shut down and still turn a higher profit.
After several consecutive quarters without a distribution, CVR Refining's management feels comfortable enough to pay investors again.
Senators want to investigate how billionaire Carl Icahn made an "impossible" profit of $50 million trading ethanol credits he despises.
It seems odd for a master limited partnership to hold this much cash on the books if it doesn't have big plans for it.
CVR Refining has an unusually large amount of cash on its balance sheet. Does management have something up its sleeve?
If billionaires own Intrexon, CVR Energy, and Kinder Morgan, then does that mean you should give these stocks a closer look for your portfolio?