UBS Maintains Buy on HF Sinclair, Raises Price Target to $133
UBS analyst Manav Gupta maintains HF Sinclair (NYSE:DINO) with a Buy and raises the price target from $126 to $133.
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Shares of oil refining and marketing companies are trading higher after the U.S. and Iran continued military strikes over the weekend, with each side claiming it will control the Strait of Hormuz. Also, Ukrainian strikes on Russian refineries may lead to more gasoline and diesel shortages globally.
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Shares of oil refining and marketing companies are trading lower after G7 governments agreed to release up to 100 million barrels combined of diesel fuel and crude, which will ease shortages and squeeze refining margins.
'Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump; Trump has asked Europe to release at least 100mn barrels of diesel to the markets' - FT Exclusive
https://www.ft.com/content/97200b07-755c-40ce-a50b-b51666bd4b7e?syn-25a6b1a6=1
Shares of oil and gas companies are trading higher after Chinese refiners suspended October fuel exports, adding to the global refined products shortage as the Middle East conflict continues to tighten supplies. Also, the U.S. may send a third aircraft carrier strike group as President Trump mulls over additional attacks on Iran after the midterm elections.
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Global oil stockpiles hit critical lows as the G7 taps reserves. Learn why rebuilding supplies could take years amid market pressure.
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