By: Benzinga
April 04, 2013 at 08:36 AM EDT
The Sell-Off in Refiners is a Buying Opportunity for Long-Term Investors
Paul Cheng, an analyst at Barclays, believes that refiners are fundamentally cheap for long-term investors based on positive macro trends. Cheng cited that the EPA's new gasoline proposal is "not as bad as it seems," and also notes that the Brent/WTI spread will likely widen. Over the last several trading sessions
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