Keith Richards HolyFrontier Corp HFC-N DON'T BUY Oct 01, 2013

Stock has had a huge move. Primary reason why these companies where benefiting was the big oil differentials as well as resurgence in the US energy supply. As differentials have narrowed, it is going to be harder for these companies to generate the big margins.

Appears to be breaking down through the trend line and his concern is that if this continues, you have a problem. There have been a series of higher lows and higher highs but that has been taken out. He would be cautious about entering into this one.

An independent refiner, mostly in the Midwest US. On a valuation basis they are probably doing better than some of their bigger peers. Have recently been taking a lot of downtime on many of their refineries for maintenance and therefore their last quarter was not as great. Have a good history of making money, taking advantage of the US shale gas light oil play which makes their costs much lower. Have a good history of raising the dividend over time. If you want to be in this space, this would be a decent choice.