IvanLabrie
Long

PBF: Accumulated here, low risk long

NYSE:PBF   PBF ENERGY INC
106 7 6
2 months ago
Go long PBF             here, risk a drop to 18.70.
Valuation is very cheap, high dividend yield, and growth prospects for the long term.
Good luck!

Ivan Labrie.
2 months ago
Comment: I'm holding my shares into the earnings report. I own a protective put as well and I'm hedged via my short book as well. Hopefully this one doesn't fall with the rest.
a month ago
Comment: :)
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
AlexKl
2 months ago
Thanks for this. added 3 positions already with various TP till earnings date and will reassess then and at next fomc meeting.
Volatility is a bit high on this one but think worth the R/R.
+1 Reply
IvanLabrie TOP AlexKl
2 months ago
Hi, yes, regarding volatility, the stop is considerable but we can see a huge jump soon.
Cheers
Reply
aibek
2 months ago
Hi! Good call, peers (VLO, TSO, MPC) are breaking up while PBF is lagging behind. It should break and finally close above 23.70 to explode higher. Fundamentals are good as you listed them, one weaker point comparing to peers - more debt burden.
snapshot
Reply
aibek aibek
2 months ago
Also expect it at $27
Reply
IvanLabrie TOP aibek
2 months ago
Hi, thanks for the comments. Indeed, it's undervalued as is, possibly a good one. MPC is in excellent shape to breakout higher.
Reply
aibek
2 months ago
This is an alternative count in case it won't break up.
snapshot
Reply
IvanLabrie TOP aibek
2 months ago
I have no idea of the wave count.
Reply
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