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The Motley Fool June 30, 2011 Jim Mueller	2 Reasons to Buy Western Refining More about why we like this company.
Registered Rep. July 5, 2012 Brad Zigler	Going for Profits Off the "Crack Spread" Does Delta's refinery purchase really make it smarter than the other airlines?
The Motley Fool April 30, 2007 Toby Shute	Valero: Hooked on Crack Spreads Valero depends on them to earn its outsized profits. With gasoline inventories low, business is booming. These high spread levels can't last indefinitely -- so investors need to be careful with this refiner group.
The Motley Fool November 21, 2011 Jim Mueller	Western Refining Is a Bargain Despite the collapse of the Brent-WTI spread, this refiner is far from doomed.
The Motley Fool November 7, 2005 Stephen D. Simpson	Holly's Good Quarter Falls Short While refining margins jumped sharply, they weren't good enough to meet estimates. Investors still hanging on to these shares will need to buckle in for the swings and swoons that are almost sure to come.
The Motley Fool September 13, 2011 Aimee Duffy	Oil Refining: Buy or Sell? Murphy Oil and others jettison refining business to focus on E&P
The Motley Fool July 30, 2008 Christopher Barker	Valero's Profits a Bit Less Refined Valero struggles through a difficult environment for refiners.
The Motley Fool August 11, 2011 Jim Mueller	Rising Star Buy: Western Refining Knocked down, but fundamentally improving.
The Motley Fool August 11, 2006 Robert Aronen	20-Bagger on the Move After a 20-fold gain in four years, can oil refiner Giant Industries keep growing? Investors, take note.
The Motley Fool May 24, 2005 Stephen D. Simpson	Sunoco's Air of Refinement Despite higher gasoline prices, refining and marketing margins are beginning to move the other way. I'm not sure I could recommend buying this stock today.
The Motley Fool May 15, 2006 Stephen D. Simpson	The Brave Frontier This small refiner seems overpriced, but it's positioned in the refining sweet spot. Investors, be careful about overpaying for this stock, though.
The Motley Fool July 28, 2011 Jim Mueller	Rising Star Buy: Western Refining Still Looks Cheap The Brent/WTI spread is the catalyst for great returns.
The Motley Fool March 27, 2006 Will Frankenhoff	Valero Spins Crude Into Gold Valero's ability to inexpensively produce low-sulfur gasoline should spark investor interest.
The Motley Fool April 7, 2004 Ben McClure	Refiners Pumped Up Refinery stocks are way up, but leave them alone.
The Motley Fool August 2, 2007 Toby Shute	Valero Rises Through Cracks There's nothing crude about Valero Energy's business model. Buy oil and turn it into more valuable end-user products.
The Motley Fool June 14, 2011 Jim Mueller	Rising Star Buy: Cracking Into Western Refining If Western Refining continues to grow its margins and the market's fears about oil and the economy are eased, the company's stock price should rise.
The Motley Fool February 27, 2008 Toby Shute	Frontier Shows Some Cracks Thanks to a refinery fire, this refiner's earnings weren't so hot.
The Motley Fool June 17, 2008 Christopher Barker	Tesoro's Sunken Treasure Tesoro takes a hit, but the future looks brighter for the refiner.
The Motley Fool November 6, 2008 Christopher Barker	'Tis the Season to Be Holly Refiner Holly entered the earnings ring this week packing a one-two punch of improved gross refining margins and a pristine balance sheet.
BusinessWeek November 15, 2004 Wendy Zellner	Crude Lessons About Oil Low-quality $35-a-barrel oil is plentiful, but refineries lack the capacity to handle it. The result is that the price of oil -- and of products made from it -- is higher and more volatile than it might be.
The Motley Fool November 6, 2009 Mike Pienciak	Frontier Oil Finally Falls Strong? Yes. Invincible? No. The stock is down roughly 15%, and the company's swung to a third-quarter loss.
The Motley Fool May 25, 2007 Robert Aronen	One Road to Lower Gas Prices Americans consume 20.8 million bpd of crude, compared to domestic production of 5.2 million bpd. Conservation stands as the lone card in our hand. As an investor, all of this points toward continuation of the oil boom.
BusinessWeek October 24, 2005 Robert Barker	Valero's Sweet Spot A once deep undervaluation of independent petroleum refiners has been righted.
BusinessWeek August 6, 2007 James Mehring	Come Fall, Relief At The Pump The expectation of lower gas prices and stronger consumer spending assumes no more major refinery problems and a repeat of last year's mild hurricane season.
The Motley Fool May 12, 2009 Christopher Barker	A Reversal of Refining Fortunes Several refiners swing to profits as gasoline margins improve.
The Motley Fool August 2, 2010 Michael Johnston	Oil ETF Investing: 5 Ways to Play Read this to help you decide how to bet on one of the world's most sought-after resources.
The Motley Fool August 9, 2007 Toby Shute	Tesoro's Treasured Results Refiner Tesoro achieved record earnings on the back of extremely high refining margins. The greatest improvements came in the mid-continent region.
The Motley Fool April 4, 2005 W.D. Crotty	The Frontier of Oil Refining Frontier Oil is profiting handsomely from being able to process heavy crude oil. But what's the earnings potential?
The Motley Fool March 10, 2006 Robert Aronen	Alon USA Still Cheap After reporting record earnings, Alon USA shares remain a good value, and may be a great small-cap value opportunity.
The Motley Fool October 27, 2004 Bill Mann	Nothing Sour About Valero The oil company demonstrates what can happen when you have an absolute advantage in material costs.
The Motley Fool January 29, 2009 Christopher Barker	Strung Out on Crack Spreads and Goodwill Valero Energy released fourth-quarter and year-end results and turned what could have been a solid quarter into a nightmare by taking a $4.1 billion goodwill impairment charge.
The Motley Fool October 6, 2009 Mike Pienciak	Will Banks Let Struggling Refiners Off The Hook? Ample debt and narrow crack spreads spell trouble for independent refiners.
The Motley Fool May 11, 2011 Isac Simon	Western Refinery Scripts an Incredible Comeback Sound management and improved market conditions help Western turn the tide.
The Motley Fool January 18, 2012 Isac Simon	An Incredibly Cheap Refining Stock Holly's merger with Frontier last July has proved to be a master stroke.
The Motley Fool April 7, 2009 Mike Pienciak	Frontier Oil: Best Bet Among Risky Refiners There's comparatively less investing danger with Frontier Oil.
The Motley Fool April 27, 2005 Bill Mann	Valero Comes Closer to the Edge On Monday, Valero announced the purchase of rival Premcor, creating the largest U.S. refiner by capacity. This time, refining assets have been bid up substantially. If we're at a peak, Valero could be asking for trouble.
The Motley Fool November 2, 2007 Toby Shute	Refining Enters the House of Horrors For an oil refining company like Tesoro, when gasoline prices lag the rise in crude oil, and refining margins get squeezed, the results can be disastrous.
The Motley Fool September 6, 2005 Robert Aronen	Pricey Gas? Blame Katrina The hurricane severely battered Gulf Coast oil production, refineries, and infrastructure. But overall, the picture looks a lot better than it did just a few days ago.
The Motley Fool November 2, 2011 Isac Simon	Valero Energy Hits the Jackpot A fantastic third quarter with promises for more.
The Motley Fool May 11, 2009 Mike Pienciak	Frontier Idles Through Tough Times Frontier's definitely in good shape, but as far as the stock's concerned, this may be a case of investor pyromania.
The Motley Fool September 6, 2005 Stephen D. Simpson	In the Wake of Katrina: Refiners and Others Given how little excess refining and energy-handling capacity there is in the United States, we are lucky that Katrina didn't inflict more damage upon these companies. Investors can breathe a sigh of relief.
The Motley Fool May 7, 2004 Bill Mann	Oil Hits $40 And the high price of petroleum seems likely to persevere.
The Motley Fool June 28, 2006 Glen Kenney	ExxonMobil's $400 Million Insult: Part 2 Oil companies are presently making a lot of money. They make it by pennies per gallon from refining, and only a little more from production. Oil prices are set by global supply and demand, and they will continue to rise as long as demand keeps increasing.
The Motley Fool December 10, 2010 Dan Caplinger	Protect Yourself From Spiking Energy Prices There are ways you can save yourself from pain at the pump by investing in utilities.
The Motley Fool May 7, 2008 Christopher Barker	Tesoro's Margins Snap, Crackle, and Pop The oil refiner falls victim to the margin squeeze.
The Motley Fool October 4, 2007 David Lee Smith	Big Oil About to Flip With refinery margins dropping, expect the Big Oil companies to report down quarters. Investors, take note.
The Motley Fool January 6, 2006 Robert Aronen	Still Waiting for the Refinery With gas prices dropping to pre-Katrina levels, the need for additional refining capacity is no longer headline news. What has been happening while gas prices were falling? Do refining companies, trading with P/E ratios near 10, still represent a decent value?
The Motley Fool May 18, 2007 David Lee Smith	Refined Profits Irk Congress Profits from energy's refining and marketing sector have soared, but the reasons are more than a little complicated. Investors should proceed with caution.
BusinessWeek March 29, 2004 Peter Coy	Are Refiners Boosting The Pain At The Pump? They're reluctant to increase production lest profits take a hit
The Motley Fool January 25, 2010 David Lee Smith	A Wild Week in the World of Energy Chevron and other members of Big Oil are being hit by refinery softness.