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RE: Delek in Talks buy Another US Refinery

Home Forums Refining Community Refinery News Delek in Talks buy Another US Refinery RE: Delek in Talks buy Another US Refinery

#6752

Charles Randall
Participant

Delek’s target is unlikely to be Westerns Yorktown for several reasons: 1.) It is only 62 MBD below 75-100 MBD announced range, 2.) Western just bought  Giant’s 3 refineries in 2007 & Yorktown was the largest (Western also got mkt confirmation it was good purchase by large runup in stock price) & thier only refinery with coker ….so their sale / required price would not likely fit range most refinery purchase have been going for; and 3.) Doubtful that Western’s growth program would give up any sizeable number stations that seem to be linked with Deleks target. 
 
But anything is possible……just seems highly unlikely.
Regards

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