The first time we wrote about CVR Energy was in September 2016. CVI stock was hovering below $15 a share at the time, following a crash from as high as $72 in 2013. Despite the terrible three years the bulls had to suffer through, our Elliott Wave analysis of CVI stock ‘s weekly chart convinced…
CVR Energy Remains a Solid Long-Term Oil Play
Almost two years ago, on September 12th 2016, we published an article about a little known oil refiner, whose stock price had plummeted by over 82% in just over three years. The company’s name was CVR Energy Inc. and its crash of course coincided with the great selloff in crude oil prices. And while others…
CVR Energy Stock Confirms the Bullish Case
It was September 12th, 2016, when we first wrote about CVR Energy stock. In that material we examined the stock’s long-term perspective from an Elliott Wave point of view and arrived to the conclusion that investors in the small-cap refiner should not feel discouraged from the recent price plunge, because its structure suggested it is…
CVR Energy: Once in a Lifetime Opportunity
Crude oil took a hard hit during the last two years. A barrel cost more than $107 in June, 2014. By February, 2016, it was trading slightly above $26. The crash was so swift and severe, it seems hard to believe that the price of oil will ever rise above $100 a barrel again. Besides,…
