However, like PBF Energy, HollyFrontier's lack of diversification can hurt its profitability when refining margins are under pressure. Investing.com -- Crude oil prices fell sharply on Monday in line with other risk assets as the rapid spread of the Covid-19 virus across Europe and the U.S.... We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other.
Find the latest NORTH WEST COMPANY INC (NNWWF) stock quote, history, news and other vital information to help you with your stock trading and investing. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. Calgary-based North West Refining, which owns 50 per cent of the Sturgeon Refinery near Edmonton, has hired investment bankers and is looking for “liquidity alternatives,” according to AltaCorp Capital analyst Dirk Lever, citing the privately-owned company’s annual … Data source: Marathon Petroleum, Phillips 66, Valero Energy, PBF Energy, and HollyFrontier.
Many of the largest refining operations are buried deep inside integrated oil companies. © 2007-2020 Fusion Media Limited. This place we call home, Canada, is outstanding in so many ways. Most of the company's midstream infrastructure supports its refineries. Markets & Investment However, what sets Phillips 66 apart from its independent refining peers is that it also has interests in the petrochemical industry.
Some independent refining companies will only operate refining complexes. For comparison's sake, its U.S. independent competitors had NCIs between 12.1 and 9.5 at that time. The company is a 50-50 joint venture partner with oil giant Chevron in CPChem, which is a leading petrochemicals producer. Many large independent refiners, for example, aim to reinvest 40% to 60% of their cash flow in capital projects, with only about 40% of that spending typically on maintenance activities and the rest on growth-focused initiatives. In addition to the profits from refining bitumen, there are substantial additional economic benefits realized from the project for Alberta families. See you at the top! This infrastructure helps supply its refineries with low-cost local oil while also transporting its refined products to key markets, such as Las Vegas and El Paso. An Assessment of the Sturgeon Refinery, December 2016). "The results of macroeconomic modelling suggest that the positive effects of the construction and operation of the refinery will extend beyond the project's toll-payers and shareholders and past Alberta's borders, by increasing GDP, government revenues, and employment opportunities. That enables the company to earn high margins on each barrel. The five largest ones are on the following chart: The largest U.S. refiner, with significant midstream and retail operations. First, the company produces the highest percentage of higher-value distillates (i.e., diesel and jet fuel) among independent refiners. World's only refinery designed from the ground up to incorporate gasification and a carbon capture and storage solution. International. That transaction increased Marathon's refining system to 16 complexes, which had the capacity to refine 3 million barrels of oil per day as of the middle of 2019.
Stock Advisor launched in February of 2002. Valero's large-scale operations in key refining markets enable it to make more money per barrel than competitors in less attractive markets.
That's because they offer exposure to the oil market without the extreme downside that can come from lower oil prices, since refiners tend to benefit when crude declines. Please note that all comments are pending until approved by our moderators.