ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers
Alon Usa Energy Common Stick

Alon Usa Energy Common Stick (ALJ)

13.32
0.00
(0.00%)
Closed March 28 04:00PM
0.00
0.00
(0.00%)

Get an advanced news scanner tailored to your needs by ADVFN

Enhance your trading experience

ALJ News

Official News Only

ALJ Discussion

View Posts
ValueInvestor15 ValueInvestor15 7 years ago
Alon USA Energy $ALJ upgraded by Credit Suisse to Outperform today. Agree. My DCF analysis shows 30% upside potential: DCF

👍️0
stocktrademan stocktrademan 8 years ago
ALJ bearish 6.53

👍️0
stocktrademan stocktrademan 8 years ago
ALJ bearish 6.54

downtrend macd below 0
indicators overbought
stochastics rolling over down
bearish topping tail
shooting star candlestick

👍️0
CamboRambo CamboRambo 8 years ago
Whats going here ..@52 wks low
Can it get any lower lmao....
👍️0
$Pistol Pete$ $Pistol Pete$ 8 years ago
$ALJ Daily and Weekly Charts For Review



👍️0
Timothy Smith Timothy Smith 9 years ago
Alon USA Energy (NYSE:ALJ): Q2 EP of $0.67 beats by $0.23.

Revenue of $1.30B (-25.3% Y/Y) in-line.
👍️0
Timothy Smith Timothy Smith 9 years ago
Alon USA Energy (NYSE:ALJ): Q1 EPS of $0.38 beats by $0.06.

Revenue of $1.1B (-34.5% Y/Y) beats by $80M.
👍️0
Timothy Smith Timothy Smith 10 years ago
$ALJ Mixed bag on 1Q14 refining results.
👍️0
Timothy Smith Timothy Smith 10 years ago
$ALJ Mixed bag on 1Q14 refining results.
👍️0
ECole ECole 10 years ago
Earnings conf call transcript


read here

http://www.earningsimpact.com/Transcript/84409/ALJ/Alon-USA-Energy%2c-Inc----Q3-2013-Earnings-Call
👍️0
Timothy Smith Timothy Smith 10 years ago
$ALJ - Alon USA Energy reported adjusted 3Q13 EPS of -US$0.46, below both estimates and consensus of -US$0.29. Refining margins at both plants were weaker than our estimate.

A combination of deteriorating market fundamentals (narrowing crude differentials, WTI in backwardation) and significant downtime (FCC outage at Big Spring that management estimated cost -US$0.10/sh) led to a disappointing quarter for ALJ, with the company posting negative EBITDA in a quarter for the first time since 3Q10.

👍️0
Timothy Smith Timothy Smith 11 years ago
ALJ issued US$130m of convertible debt in a private placement. The interest rate on the debt is 3.0%, and the conversion price is US$14.79, which is 33% above yesterday’s closing price.

ALJ will use US$112m of the proceeds to redeem a portion of the outstanding 2014 Krotz Springs Senior Notes, which have a balance of US$212m and carry an interest rate of 13.5%. ALJ will also use US$13.2m on an anti-dilution hedge than protects the company in the event of the stock price rising above US$20.09.
👍️0
Timothy Smith Timothy Smith 11 years ago
According to the company's website:

Alon owns and operates sour and heavy crude oil refineries in Big Spring, Texas, and Paramount, Long Beach and Bakersfield, California (collectively known as our California refineries), as well as a light sweet crude oil refinery in Krotz Springs, Louisiana.

The company also has a refinery in Oregon that primarily produces asphalt, asphalt being a major product for Alon. Its recent closing price was $13.85 and has a 52-week trading range of $5.35-$14.60. The company pays a $0.04 quarterly dividend for a thin 1.17% yield from a payout ratio of 30.5. Earnings per share are $0.36 for a surprising 39 PE. More concerning: a 2.0 long term debt to equity ratio is showing a higher debt level than comfortable.

Along with the debt is the company's positioning. While its Texas refinery is well positioned to take advantage of Permian Basin cut rate pricing, its operations in California have to depend on pricier feedstock. The earnings are lower because the company has been investing into the California refineries to make them more cost efficient in producing higher end products. I expect a temporary Q4 pop in earnings due to California, but I do not believe it will be sustainable.

Between its higher feedstock cost and high debt levels, Alon looks to be a pass at this time.
👍️0
Gator44 Gator44 12 years ago
The problem ridden 67,000 barrel-a-day Big Spring, Texas, refinery owned and operated by Alon USA was running it's fluid catalytic cracker at reduced rates on Sept. 13, as a result of necessary maintenance work on a wet gas compressor, according to the Texas Commission on Environmental Quality. Flaring was evident for five hours during the morning.
👍️0
NORTH LAND NORTH LAND 12 years ago
Thank You!
👍️0
ICEQUITY ICEQUITY 12 years ago
Pivot Point 1st Level Support - 9.05

Would you go long or short, on Monday?
👍️0
$King $King 12 years ago
ALJ HOD 11.77 close + 47%
👍️0
$King $King 12 years ago
ALJ LOD 8.02
👍️0
$King $King 12 years ago
ALJ vol 2.1
👍️0
$King $King 12 years ago
ALJ @ 11.44
👍️0
NORTH LAND NORTH LAND 12 years ago
Will ALJ continue it's rise up, Monday?
👍️0
ICEQUITY ICEQUITY 12 years ago
Small Cap Energy stocks on the move.
Alon USA Energy, Inc. (ALJ) was the day’s big winner on a strong quarterly report and the announcement of a dividend, pushing shares up by over 40 percent.
http://editorial.equities.com/energy/small-cap-energy-stocks-move/
👍️0
CHA$E CHA$E 13 years ago
How flooding could hurt Louisiana refineries


NEW YORK (MarketWatch) -- Mississippi River flooding isn't expected to shut down Louisiana's petroleum complex, but the nine refineries that represent some 13.7% of U.S. capacity may face problems obtaining crude and shipping finished products, energy experts said Thursday.

Refiners, including a plant upstream in Mississippi, that collectively process some 2.4 million barrels a day expect to keep operating, but restrictions on river ship and barge traffic could limit their operations, the experts said.

Energy consultant Andy Lipow of Lipow Oil Associates said the National Weather Service currently forecasts the flooding to crest during the week of May 22 along the lower Mississippi.

"The first question about the flood is it a big, Katrina-like event -- that part is unlikely," Lipow said, referring to the giant 2005 hurricane that knocked out refineries along the Gulf of Mexico. "The biggest concern from a refinery facility standpoint is whether a levee is being breached."

Lipow said the flood may affect tanker traffic to and from refineries.

Tom Kloza, chief oil analyst for the Oil Price Information Service, said refiners are anticipating the flood may cut back on some operations because of logistical issues, but it's too early to say for sure.

"It's tough to run at full rates if you can't get some of the crude and feedstocks that get delivered by water and processed into gasoline and diesel, and it's tough to send barges to Florida, or southeastern ports of call if there are shipping restrictions on the river," Kloza wrote in an email.

A total of about 2 million barrels a day of refining capacity could be at risk of some impact from the flood, Kloza wrote.

The largest refinery in the region is Exxon Mobil Corp.'s Baton Rouge refinery, which has a capacity of about 505,000 barrels a day. It's also the second-largest U.S. refinery. Exxon spokesman Kevin Allexson said refineries in Baton Rouge and a 193,000-barrel-a-day facility in Chalmette, La., continue to operate.

Bill Day, a spokesman for Valero Energy Corp. , which operates nearly 400,000 barrels a day of refining capacity at its facilities in Memphis, Tenn., and St. Charles, La., said operations haven't been affected. "We're still operating and still closely monitoring the river, and don't expect disruptions to our operations," Day said. "We'll probably know more about some of the logistics issues early next week."


Royal Dutch Shell Plc said earlier this week it's preparing for rising waters, which could impact loading and shipping at two of its Louisiana facilities.

The second-largest refinery in the region is Marathon Oil Corp's Garyville, La., plant, which has a daily capacity of 436,000 barrels.

ConocoPhillips operates a 247,000-bpd refinery at Belle Chasse, La.

Barry Jeffery, a spokesman for Murphy Oil, said operations at its 120,000 barrel-a-day Meraux, La., refinery remain normal.

"We continue to monitor the river levels very closely," he said. "We do not anticipate any impact on our operations."

Louisiana Gov. Bobby Jindal has said that the Alon USA Energy Inc. refinery in Krotz Springs, which has a capacity of 80,000 barrels a day, could be shut down if the Morganza flood gate is opened, as early as Saturday, according to reports.

Alon spokesman Blake Lewis said Krotz Springs Refinery operating normally, employees are monitoring conditions and adjust operations as needed.

👍️0
Trueheart Trueheart 13 years ago
Today's close puts the share price at about 20% down from the 1-year high. The upside it that that percentage turns into a 25% gain when it get's back to that high.

Watching.

Trueheart
👍️0
btrain btrain 13 years ago
4/14/11 - Alon USA Announces 2011 First Quarter Earnings Release and Conference Call

Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced plans to release its 2011 first quarter financial results on Thursday, May 5, 2011 after the market closes. In conjunction with the release, Alon has scheduled a conference call, which will be broadcast live over the Internet on Friday, May 6, 2011 at 10:00 a.m. eastern time (9:00 a.m. central time).


What:
Alon USA Energy, Inc. First Quarter 2011 Earnings Conference Call




When:
Friday, May 6, 2011 – 10:00 a.m. eastern time


Where:

Live via phone by dialing 1-877-941-8609 or 480-629-9819, for international callers, and asking for the Alon USA Energy call at least 10 minutes prior to the start time. Investors may also listen to the conference live on the Alon corporate website, http://www.alonusa.com by logging on that site and clicking "Investors."



A telephonic replay of the conference call will be available through May 20, 2011 and may be accessed by calling 1-800-406-7325 or 303-590-3030, for international callers, and using the passcode 4433502#. A web cast archive will also be available at www.alonusa.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&L at 713-529-6600 or email dmw@drg-l.com.

Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns four crude oil refineries in Texas, California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 250,000 barrels per day. Alon is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States. Alon is the largest 7-Eleven licensee in the United States and operates more than 300 convenience stores in Texas and New Mexico. Alon markets motor fuel products under the FINA brand at these locations and at approximately 640 distributor-serviced locations.

Contacts:

Amir Barash, Vice President - IR
Alon USA Energy, Inc.
972-367-3808

Investors: Jack Lascar/Sheila Stuewe
DRG&L / 713-529-6600
Media: Blake Lewis
Lewis Public Relations
214-635-3020

Ruth Sheetrit
SMG Public Relations
011-972-547-555551

SOURCE Alon USA Energy, Inc.
👍️0
btrain btrain 13 years ago
$14.86 dollar a share is sure a nice climb up so far.
👍️0
btrain btrain 13 years ago
Feb 4, 2011 Earning News - Alon USA Declares Regular Quarterly Dividend and Announces Schedule for Fourth Quarter and Year-End 2010 Earnings Release

Alon USA Energy, Inc. (NYSE: ALJ) ("Alon") today announced that its Board of Directors has approved the regular quarterly cash dividend of $0.04 per share. The dividend is payable on March 15, 2011, to stockholders of record at the close of business on March 1, 2011.

Alon also announced plans to release its fourth quarter and year-end 2010 financial results on Thursday, March 10, 2011 after the market closes. In conjunction with the release, Alon has scheduled a conference call, which will also be broadcast live over the Internet on Friday, March 11, 2011 at 10:00 a.m. eastern time (9:00 a.m. central time).

What: Alon USA Energy, Inc. Fourth Quarter 2010 Earnings Conference Call


When: Friday, March 11, 2011 – 10:00 a.m. eastern time


Where: Live via phone by dialing 1-800-762-8779 or 480-629-9721, for international callers, and asking for the Alon USA Energy call at least 10 minutes prior to the start time. Investors may also listen to the conference live on the Alon corporate website, by logging on that site and clicking "Investors."



A telephonic replay of the conference call will be available through March 25, 2011 and may be accessed by calling 1-800-406-7325 or 303-590-3030, for international callers, and using the passcode 4406366#. A web cast archive will also be available at www.alonusa.com shortly after the call and will be accessible for approximately 90 days. For more information, please contact Donna Washburn at DRG&L at 713-529-6600 or email dmw@drg-l.com.

Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns four crude oil refineries in Texas, California, Louisiana and Oregon, with an aggregate crude oil throughput capacity of approximately 250,000 barrels per day. Alon is a leading producer of asphalt, which it markets through its asphalt terminals predominately in the Western United States. Alon is the largest 7-Eleven licensee in the United States and operates more than 300 convenience stores in Texas and New Mexico. Alon markets motor fuel products under the FINA brand at these locations and at approximately 640 distributor-serviced locations.

Contacts:
Amir Barash, Vice President - IR

Alon USA Energy, Inc.
972-367-3808
Investors: Jack Lascar/Sheila Stuewe
DRG&L / 713-529-6600


Media: Blake Lewis
Lewis Public Relations
214-635-3020
Ruth Sheetrit
SMG Public Relations
011-972-547-555551
👍️0
nydave nydave 15 years ago
Break out coming.
👍️0
nydave nydave 15 years ago
Nice little divy
👍️0
nydave nydave 15 years ago
Tomorrows conference should be interesting.
👍️0
nydave nydave 15 years ago
Take it easy, stop watching every tick.
👍️0
KingJamesIII KingJamesIII 15 years ago
Fade into the close! Don't do me like that!
👍️0
KingJamesIII KingJamesIII 15 years ago
We're gonna be reech beeecch!
👍️0
nydave nydave 15 years ago
Looking at the coverage area of the two companies ALJ would be a perfect fit.
👍️0
nydave nydave 15 years ago
Not interested. Still trying to dig up more info on this company. Watching the volume.
👍️0
nydave nydave 15 years ago
I heard a rumor that Lukoil is considering a buyout.
👍️0
winnotlose winnotlose 16 years ago
ALJ lookin to take off!
👍️0
winnotlose winnotlose 16 years ago
I hope you bought sum, you see the recent action?
👍️0
winnotlose winnotlose 16 years ago
Huge insider buying lately, look at the filings!
👍️0
winnotlose winnotlose 16 years ago
I'm awaiting even better news coming regarding their retail, rumor of spinoff before eoy. Aside from the explosion earlier this year ( which was mostly insured) I do believe a strong rebound is in the near future.
👍️0
makesumgravy makesumgravy 16 years ago
Impressive.

California and Oregon and have a combined throughput capacity of approximately 170,000 barrels per day (bpd).

It refines gasoline, diesel fuel, petrochemical feedstocks, asphalt and specialty blended asphalts.

Alon primarily markets gasoline and diesel under the FINA brand name at approximately 1,200 locations.

In the retail segment, the Company operates 206 branded 7-Eleven convenience stores in West Texas and New Mexico, which offer merchandize, food products and motor fuels under the 7-Eleven and FINA brand names.

Substantially all of the fuel sold by these stores is produced by Alon's refinery.




"Bubbles are Good For You !"





👍️0
winnotlose winnotlose 16 years ago
15 buks trending
👍️0
winnotlose winnotlose 16 years ago
Valero assets! Excellent
👍️0
winnotlose winnotlose 16 years ago
Watch refiners going higher!
👍️0
winnotlose winnotlose 16 years ago
Heading upward, changes being made
👍️0
Doug Hauser Doug Hauser 16 years ago
O thank heaven for 7-eleven?

This one seems to bite 24/7 I mean even crude to 50 might not giddyup this guy.

Oi veh


👍️0
sumisu sumisu 16 years ago
The Peak Oil Crisis: Diesel

Written by Tom Whipple

Thursday, 15 May 2008

Falls Church News-Press

http://tinyurl.com/56253j

The evidence is mounting that the U.S. might just encounter the first real crisis of the oil depletion age before the year is out.

The crisis at first will be one of spiraling prices for diesel and heating oil, followed by actual shortages here in the United States. In the last two weeks, the wholesale price of heating oil has moved up by nearly 70 cents a gallon and no end is in sight. Many observers are starting to note that what they call “a tight market for distillates” –- the industry’s term for diesel and heating oil – may be what is driving up the price of crude and consequently gasoline.

The reasons for this surge in distillate prices are easy to understand. Conventional oil production, from which distillates are made, has been flat for the last three years while demand from Asia and the Middle East oil producers has been rising rapidly. The trend into higher-mileage diesel powered cars in Europe and other places, which has been underway for many years, is having a major impact. In some European countries, diesels now account for over 70 percent of new car registrations. This change in demand is leaving Europe and a few Asian refiners with a surplus of gasoline but not diesel. The overseas refiners are happy to sell their surplus gasoline to America which still wants prodigious quantities of the stuff. This, believe it or not, helps keep gasoline prices lower than the price of crude suggests it should be, as unusual quantities of gasoline keep arriving at our shores.

This winter America was awash in gasoline which in turn discouraged the refiners from making more since they were not making much money for their efforts. U.S. refinery utilization dropped to abnormally low levels. Now this was fine for gasoline consumers, who continued to drive around burning cheap, in comparison to the price of crude, gasoline. It did nothing, however, for those who burn diesel and heating oil.

Prices for distillates went up and up and inventories went down and down as we are no longer making enough to satisfy the demand even at outrageous prices, and our imports of finished distillates began to drop as everybody in the world wants the stuff. Imports which were running 300-400,000 barrels a day early last year have been about 200,000 barrels a day(b/d) or less in recent weeks. Most of our distillate imports are coming from Canada as nobody else seems willing to sell us this increasingly valuable commodity.

At the same time as our imports were falling, our exports of finished distillates jumped from 275,000 b/d last fall to over 400,000 b/d this spring according to the most recently available data. Much of our diesel exports, by the way, are going to Chile which is suffering from a major electric power shortage and is willing to pay anything to keep the copper mines going. The wave of electricity shortages and rolling blackouts around the world is not helping the situation as the demand for diesel to power emergency generators is growing rapidly.

The arithmetic is simple; U.S. refineries have been producing about 4.2 million b/d in recent weeks. (It did jump to 4.4 last week). However, the net of our imports and exports is taking away about 0.2 million b/d. Since we use about 4.2 million b/d in the U.S. at this time of year, our stockpiles have been shrinking and prices rising. Next fall, when it comes time to start filling all those heating oil tanks, demand will increase to 4.4-4.5 million b/d. For the next four or five months, we usually build our stockpiles by about 15 to 20 million barrels to get ready for the next winter. There was a small increase in stocks last week, but there is a long way to go before fall and the recent earthquake in China suggests Beijing will be increasing its demand for diesel over the next few months.

👍️0
sumisu sumisu 16 years ago
Oil Refiners See Profits Sink as Consumption Falls


Recent protest by truck drivers in Washington/ Alex Wong/Getty Images

By JAD MOUAWAD

Published: May 14, 2008



http://tinyurl.com/5qz6op

While drivers are facing sticker shock at the pump these days, here is a bigger shock: high prices are putting a strain on oil refiners.

Valero, an independent refiner, said its first-quarter profit fell by 76 percent. Above, the company’s refinery in Paulsboro, N.J.

After last year’s stellar profits, American refiners are going through a traumatic period. In a time of record gasoline prices, some of them actually lost money in the first quarter, and for virtually all refiners, profits are down sharply.

Experts say the refiners are caught in a double bind. The price of their raw material, oil, is rising because of strong global demand. At the same time, consumption of gasoline in the United States is falling as a result of slower economic growth and consumer efforts to conserve.

However much the companies would like to raise gasoline prices enough to pass along the full increases in oil, analysts say they have been unable to do it. Oil prices doubled in the past year, while wholesale gasoline prices rose a mere 39 percent.

“Refiners are having a terrible time,” said Lawrence J. Goldstein, an economist at the Energy Policy Research Foundation.

For decades, global oil prices were tightly coupled to the ups and downs of the American economy. But in recent years, world oil prices have been pulled upward by heavy demand for diesel fuel from developing countries like China. American economic growth weakened in the last few months, but that has mattered little in the upward march of oil prices.

“What we see at the gasoline pump is increasingly driven by what is happening elsewhere in the global economy,” said Daniel Yergin, the chairman of Cambridge Energy Research Associates, a consulting firm.

Gasoline prices rose on Tuesday to a nationwide average of $3.73 a gallon, according to AAA, the automobile club. That is yet another record. Diesel prices also set a record, at $4.39 a gallon. Crude oil futures closed at $125.80 a barrel, up $1.57, or 1.3 percent, on the New York Mercantile Exchange.

In its latest monthly report, the International Energy Agency, an adviser to industrialized countries, reduced its forecast for global oil demand for this year, as consumption drops by a bigger-than-forecast 300,000 barrels a day in the developed world.

But that decline will be more than offset by growth from developing countries. Consequently, global consumption is expected to rise this year by 1 million barrels a day, to 86.8 million barrels a day. Nearly all that growth will come from China, the Middle East and Russia.

In the United States, there is no longer much doubt that consumers are responding to higher fuel costs by driving less. Oil consumption fell by 3.3 percent in March, compared with March of last year.

But even as gasoline demand softens, the price keeps rising, driven by higher oil prices. The cost of oil represents about 75 percent of the price of gasoline at the pump, according to the Energy Department; state and federal taxes account for 12 percent, and refining and distribution make up the rest.

The rising oil prices have led to a sharp drop in refining profit margins, or the difference between the cost of oil and the cost of gasoline. These margins, at $12.45 a barrel on average, are 60 percent below their year-ago level, and in the lower half of their five-year range, according to a report by UBS.

In response to falling gasoline demand and rising costs, refiners have cut their production rates. Refining utilization rates, for example, slumped to a low of 81.4 percent in the second week of April, compared with 90.4 percent at the same time last year. Earlier this month, refineries were running at 85 percent of their capacity.

All this has translated into a tough quarter for some refiners. While large integrated companies, like Exxon Mobil, reported big profits in the first quarter thanks to their oil sales, smaller independent refiners that buy their oil, instead of producing it themselves, have been losing money.

Tesoro, Sunoco, and United Refining all posted losses in the first quarter. The hardest hit have been small refineries that tend to process the most expensive types of crude oil into gasoline. Sunoco, for example, lost $123 million in the first quarter, while Tesoro posted a $82 million loss for that period, in contrast to a profit of $116 million last year.

“We’re just not able to pass along the increased cost of crude oil on the gasoline side,” said Lynn Westfall, the chief economist at Tesoro.

At Valero, the nation’s largest independent refiner, first-quarter profit melted by 76 percent. Its refining capacity allows it to process heavier grades of crude oil that typically trade at a discount. Still, its profit dropped to $261 million in the first quarter compared with $1.1 billion last year.

Some consumer advocates say they are deeply suspicious about the behavior of refiners who are sharply cutting production at a time of record gasoline prices.

“They are not sitting in a boardroom and colluding, but they can see easily enough where their benefit lies, and it doesn’t lie in a price war,” said Judy Dugan, the research director at Consumer Watch. “In a truly competitive market, you might see some of these providers try to improve their market share by reducing prices. But this is not happening. They are all better off by restricting production to keep prices up.”

Mark Cooper, director of research at the Consumer Federation of America, said mergers in the 1990s had cut the number of refiners in the country and contributed to reduced competition in the refining market.

“We let them accumulate market power through the wave of mergers, and we’ve been paying the price in the last five years,” he said. “If there is a small number of players in the market, they learn from each other’s behavior.”

The demand for diesel has been one of the main drivers of oil demand in recent years. Diesel and other so-called middle distillates are used as transportation, power generation and industrial fuels.

In China, for example, oil imports have surged in recent weeks, a signal that the government is stockpiling oil and diesel in anticipation of the Olympic Games. Beijing, the International Energy Agency report said, is seeking to avoid a repeat of the embarrassing fuel shortages and power disruptions that plagued the country last year.
👍️0
sumisu sumisu 16 years ago
Alon USA Announces New Management for Alon's Branded Marketing and Retail Operations

Friday May 9, 7:00 am ET

http://biz.yahoo.com/prnews/080509/laf010.html?.v=101

DALLAS, May 9 /PRNewswire-FirstCall/ -- Alon USA Energy, Inc. (NYSE: ALJ - News; "Alon") today announced that Kyle McKeen, 44, has re-joined Alon USA as President and CEO of Alon's subsidiaries conducting Alon's branded marketing and retail operations.

Before re-joining Alon USA, Mr. McKeen was the President and COO of Carter Energy. Prior to joining Carter Energy in 2006, he held numerous positions of increasing responsibilities at Alon USA, including Vice President of marketing.

Jeff Morris, stated, "I am delighted that Kyle has decided to rejoin Alon USA. Many of us have worked with Kyle in the past and know of his talent and passion. He is an experienced leader in both the wholesale and retail areas, which will serve us well."

Yossi Lipman will continue as the President and CEO of Southwest Convenience Stores ("SCS"). Since 2001, when Lipman joined the Company, SCS has doubled in size and is one of the leading convenience chains in West Texas and New Mexico.

Judge Dobrient has been promoted to Senior Vice President of Wholesale Marketing. Previously Dobrient was the Vice President of Wholesale Marketing. In this newly created position, Judge will be responsible for all aspects of Wholesale Marketing for the entire Alon USA organization.

The accounting and financial functions of the branded marketing and retail operations will be led by David Potter as Chief Financial Officer. Potter will assume this newly created function in addition to his already existing role as CFO at Southwest Convenience Stores. Potter will continue to report to Yossi Lipman.

Mr. Morris added, "We believe this new management structure will enhance our focus, increase our resources, and provide the freedom for substantial growth in the branded marketing and retail operations. I am pleased to welcome all these personnel to their new positions."

Alon USA Energy, Inc., headquartered in Dallas, Texas, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the United States. The Company owns and operates four sour and heavy crude oil refineries in Texas, California and Oregon, with an aggregate crude oil throughput capacity of approximately 170,000 barrels per day. Alon markets gasoline and diesel products under the FINA brand name and is a leading producer of asphalt. Alon also operates more than 300 convenience stores in West Texas and New Mexico under the 7-Eleven and FINA brand names and supplies motor fuels to these stores from its Big Spring refinery. In addition, Alon supplies approximately 800 additional FINA branded locations.


Contacts: Claire A. Hart, Senior Vice President
Alon USA Energy, Inc.
972-367-3649

Investors: Jack Lascar/Sheila Stuewe
DRG&E / 713-529-6600

Media: Blake Lewis
Lewis Public Relations
214-269-2093
Ruth Sheetrit
SMG Public Relations
011-972-547-555551

--------------------------------------------------------------------------------
Source: Alon USA Energy, Inc.
👍️0
sumisu sumisu 16 years ago

Alon USA agrees to buy Valero's Louisiana refinery

San Antonio Business Journal

Thursday, May 8, 2008



http://tinyurl.com/6yfo5l

Valero Energy Corp. has agreed to sell its Krotz Springs, La., refinery to Alon USA Energy Inc. for $333 million, the company said Thursday.

The boards of directors of both Valero (NYSE: VLO) and Alon USA (NYSE: ALJ) have approved the transaction and the sale is expected to close in July pending regulatory approvals.

Valero could receive an earn-out provision valued in excess of $100 million if certain milestones are met.

The sale will also include working capital at the refinery, which will be valued at market prices at the time of closing.

"The Krotz Springs refinery is a good fit for Alon and this transaction is a good deal for Valero's stockholders," Valero Chairman and CEO Bill Klesse says. "This transaction is consistent with our strategy to concentrate on our core refineries where we see higher returns for the long run."

Valero officials said earlier this year that it would explore strategic alternatives for the 85,000 barrel-per-day refinery. It is also exploring options for its refineries in Aruba, Memphis and Ardmore, Okla.

Last year, the oil refiner sold its 160,000 barrel-per-day refinery in Lima, Ohio, to Husky Energy Corp. in Canada.

Valero officials have said previously that the refinery sales represent a strategic move to sell off assets at a premium to what the company paid for them.

J.P. Morgan Securities Inc. acted as the exclusive financial adviser to Valero on this transaction.

San Antonio-based Valero currently owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of 3.1 million barrels per day.

Alon USA is a Dallas-based independent refiner and marketer of petroleum products.

Web site: HTTP://www.valero.com
👍️0

Your Recent History

Delayed Upgrade Clock