Energy
Oil & Gas Refining & Marketing
3 companies under coverage.
Coverage
Oil & Gas Refining & Marketing
Equity Research
Valero Energy Corporation (VLO)
The bull case — 'Crack Spike' (7% weight) — targets $548, +111% vs spot. It needs Gross Margin to surprise to the upside.
Equity Research
Marathon Petroleum Corp (MPC)
The bull case — 'Crack Spike' (7% weight) — targets $565, +121% vs spot. It needs Gross Margin to surprise to the upside.
Equity Research
Phillips 66 (PSX)
The bull case — 'Crack Spike' (7% weight) — targets $381, +125% vs spot. It needs Gross Margin to surprise to the upside.