TPH Research Initiates Coverage on US Independent Refiners

Casey ColelloNews 2014

Tudor, Pickering, Holt & Co. Research has initiated coverage on a group of 10 U.S. independent refiners. With a Buy rating: Delek US Holdings (DK), Marathon Petroleum (MPC), Tesoro (TSO), and Valero Energy (VLO). With a Hold rating: CVR Refining (CVRR), Northern Tier Energy LP (NTI), and Western Refining (WNR). With a Trim rating: Alon USA Partners, LP (ALDW), Alon USA Energy (ALJ), and HollyFrontier Corporation (HFC).