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re: Stock Market Widespread Panic?
Posted on 4/3/13 at 1:08 pm to Lsut81
Posted on 4/3/13 at 1:08 pm to Lsut81
quote:
fwiw my refiners have taken most of the hits
Thats because that upstream nat gas company (don't remember who it was) declared bankruptcy yesterday...
No, its because yesterday the EPA has mandated the refiners extract more sulphur from gas starting in 2017. This will be an expensive theing to adjust to.
2
Posted on 4/3/13 at 1:10 pm to Janky
quote:
No, its because yesterday the EPA has mandated the refiners extract more sulphur from gas starting in 2017. This will be an expensive theing to adjust to.
Which upstream company declared bankruptcy yesterday? Read and article where they cited the price compression as reasoning.
Posted on 4/3/13 at 1:19 pm to Janky
i believe you are still right.
looks like MPC found support around $80 and PSX around $62. hopefully they hold there, otherwise this could be a big dip.
looks like MPC found support around $80 and PSX around $62. hopefully they hold there, otherwise this could be a big dip.
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