Par Pacific Holdings: Still The Winner I Saw Last Time
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Andres Veurink1.04K FollowersFollow5ShareSavePlay(10min)CommentsSummaryPar Pacific Holdings (PARR) remains a Strong Buy, with the investment thesis anchored in wide crack spreads and robust refining margins. Recent geopolitical developments have driven oil prices higher, enabling PARR to realize 20–25% higher gross margins if current spreads persist. PARR’s $250 million buyback program—representing 7.7% of market cap—is well-covered by liquidity and anticipated profit growth. Despite the TMX pipeline risk, PARR trades at a significant valuation discount (7.5x FWD P/E), supported by high liquidity and double-digit growth prospects. pandemin/iStock via Getty Images Investment Thesis To say that my initial recommendation for Par Pacific Holdings (PARR) has done well I think would be an understatement. When I first covered the stock back in mid-January the whole energyThis article was written byAndres Veurink1.04K FollowersFollowMy name is Andres Veurink and I have been in the financial markets for over a decade at this point, spending the majority of that in a hedge fund here in Rotterdam, working my way up as an analyst. My work relfect rigourious standards as I myself have a very high standard as to what I invest my money in. My preferred sectors to follow are tech, specifically SaaS and cloud business but recently I've also taken up an interest in writing about the energy and minerals sectors, two areas I'm quite familiar with having followed them for over a decade at this point. I find these offer incredible growth opportunities and are also very fun to research and follow. It's a very active space with plenty of news coming out each week. Work is my own thoughs and research is done only by myself.Analyst’s Disclosure: I/we have a beneficial long position in the shares of PARR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.