HollyFrontier
3-year average:
Revenue Growth: 51%
Profit Growth: 93%
Total Return: 64%
Revenue Growth: 51%
Profit Growth: 93%
Total Return: 64%
In July 2011, oil refiners Holly
Corporation and Frontier Oil finalized a highly synergistic merger that
created a super refiner with operations throughout the mid-continent,
south western and Rocky Mountain regions. The new HollyFrontier Corp.
was quick to capitalize on an unprecedented glut of oil that had come
about at land-locked Cushing, Oklahoma. The net effect of this year-long
anomaly was to hand a considerable raw-materials cost advantage to
refiners that sourced their crude inland rather than from the coast.
Among them: HollyFrontier, which recorded a 90% increase in revenue in
2011, swiftly followed by a 185% hike in revenue in the first quarter. -- N.S.
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