PBF PBF Energy Inc - Ordinary Shares - Class A

Refiners stocks continue to show relative strenth - $PBF $VLO. Yesterday I paid $7.40 per gallon in San Diego.

$PBF I expect very strong refinery profits for a while. I don’t expect the government’s heavy hand to do too much.

$PBF Trump’s Russian diesel deal could put some pressure on refining margins. Diesel futures already down over 4%. Will be interesting to see how this plays out next week, especially if more supply comes onto the market.

$PBF saw some notable OTM calls bought today - $1.3M+ order for the $80 calls (10/16) - $1.1M+ order for the $77.5 calls (10/16)

$PBF Whoever thinks the recent rally was fake or overdone, it really isn’t. If we look at the longer term chart it clearly shows it’s simply going back to the prior uptrend.

$PBF Nice. 1 lot lol Crazy that this refiner operating moderately well while other refiners across the world are being bombed has 11.5% short float and only a little over one hundred million shares.

Profitable now at PBF Energy: $1.4B over the past 12 months, after a $982M loss the year before. Currently an Excellent 18 on the Quality Score, #37 of 3,283. $PBF

$PBF I think it is digesting the recent financing done at slightly higher prices and that the market is supporting the equity at 70 so I think institutions are stepping in there. I am going to accumulate against it as long as it holds and anticipate continuing spiking prices into winter. Further UN week is a probable break in some hostilities and bad for petroleum in that term but also likely to revert next week.

$PBF Inventory context for the current squeeze. US distillate stocks are running about 13% under the five-year seasonal average. Globally it is worse than that. Stocks hit their lowest August level since 1951. Distillate is the middle of the barrel: diesel, heating oil, and the fuel that moves ships and trains.

$PBF I have it on good authority that the party's over for PBF right now. It has peaked. I got out with losses and have to lose the last bit tomorrow. It sucks, but I still came out ahead. It was a great run. Best I've ever traded.