After an extreme post-election slide, signs of strength are emerging.
The current quarter has continued to highlight the sector's challenges and its long-term potential.
The refiner previously bid $2.5B to purchase BP's Carson refinery in California.
Stocks slide after disappointing economic news from Japan and rumors of a new legal challenge in Germany over the ESM.
Japan reports weak growth, and Greece logs yet another quarter of contraction. Motorola Mobility will lay off 4,000 workers. Groupon posts earnings after the close.
Adobe is downgraded at 2 firms, while Applied Materials is upgraded to 'overweight.'
Hewlett-Packard is downgraded to 'hold,' and Facebook is initiated with an 'outperform.'
With the seasonal strong period for crude oil now upon us, consider any pullbacks in these refining stocks as a buying opportunity.
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