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CVR Refining, LP (CVRR) operates as an independent petroleum refiner and marketer of transportation fuels in the United States.
The company owns and operates a complex full coking medium-sour crude oil refinery in Coffeyville, Kansas; and a complex crude oil refinery in Wynnewood, Oklahoma.
It also controls and operates logistics assets, including approximately 570 miles of owned and leased pipelines; approximately 130 crude oil transports; a network of crude oil gathering tank farms; and approximately 6.4 million barrels of owned and leased crude oil storage capacity, as well as approximately 4.6 million barrels of combined refined products and feedstocks storage capacity.
In addition, the company owns 170,000 barrels per day pipeline system that transports crude oil from Broome Station facility to Coffeyville refinery; approximately 1.5 million barrels of crude oil storage capacity, which supports the gathering system and Coffeyville refinery; approximately 0.9 million barrels of crude oil storage capacity at Wynnewood refinery; and approximately 1.5 million barrels of crude oil storage capacity in Cushing, Oklahoma, as well as leases crude oil storage capacity of approximately 2.3 million barrels in Cushing and approximately 0.2 million barrels in Duncan, Oklahoma.
CVR Refining GP, LLC operates as the general partner of CVR Refining, LP.
Shares have formed a bullish "double bottom" and are expected to head higher from this formation. Note this stock was featured at $24 in July. We like it much better at the current prices.
Entry Point: $11.00
Stop Loss: $10.50
52-Weeks Trading Range: $8.30 - 426.00
Target Price: $14.00
CVRR closed at $10.50
