RINs -- June 6, 2018

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RINs -- June 6, 2018

I don't have much interest in this subject, but I post it for the archives and perhaps for other reasons. Whatever.

Over at SeekingAlpha, a contribution from Michael Fitzsimmons: Holly Frontier: A RIN diesel opportunity?
  • demand is soaring for diesel fuel by to power Permian operators' trucks, drilling rigs, fracturing pumps, compressors, etc.
  • this is a positive catalyst for local diesel suppliers like Holly Frontier
  • meantime, RIN exemptions powered the recent quarterly EPS report
  • with $781.5 million in cash at the end of Q1 ($4.40/share), the outlook for increased shareholder returns is excellent
This goes along with the RBN Energy post earlier this morning: Permian drilling activity drives diesel demand and projects to supply more of it. And based on what I saw during the Bakken boom it means that truck manufacturers are also being hit with huge demand.


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