$HFC On The Verge Of A Breakout
With the epic collapse in oil prices, time to take a look at the refiner. 
HFC has caught our attention as the stock is on the verge of a breakout.
HollyFrontier Corporation (NYSE:HFC) is a refiner that owns 457,000 barrels per day (BPD) of Mid-Continent, Rockies, and New Mexico transport fuels refining capacity and 15,600 BPD of lubricating oil refining capacity. HollyFrontier also has controlling interest in midstream partnership Holly Energy Partners (NYSE:HEP) which trades separately from the HFC stock.
Even though demand is global, it happens that most of HollyFrontier's markets are inland and less densely-populated. As the CDC map shows, these Rockies and Mid-Continent states (in yellow, yellow-orange, and orange) have experienced a lower number of Covid-19 infections; they are likely to be some of the first states to re-open.
HFC has a dividend yield of 5.27% and trades at 5x cash and 3.43x FCF.
Good luck to all!
HFC has caught our attention as the stock is on the verge of a breakout.HollyFrontier Corporation (NYSE:HFC) is a refiner that owns 457,000 barrels per day (BPD) of Mid-Continent, Rockies, and New Mexico transport fuels refining capacity and 15,600 BPD of lubricating oil refining capacity. HollyFrontier also has controlling interest in midstream partnership Holly Energy Partners (NYSE:HEP) which trades separately from the HFC stock.
Even though demand is global, it happens that most of HollyFrontier's markets are inland and less densely-populated. As the CDC map shows, these Rockies and Mid-Continent states (in yellow, yellow-orange, and orange) have experienced a lower number of Covid-19 infections; they are likely to be some of the first states to re-open.
HFC has a dividend yield of 5.27% and trades at 5x cash and 3.43x FCF.Good luck to all!
To receive our alerts via email and SMS, join Insider Financial for Free at signup.insiderfinancial.com
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.