Gunvor Is Growing Oil Book Through North America Deals, CEO Says [Financial Post (Toronto, Ontario, Canada)]
CVR Energy Inc. (CVI)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Gunvor Group is ramping up its crude oil business, with trading volumes growing particularly out of the US, according to its co-founder and Chief Executive Officer Torbjörn Törnqvist. Already one of the world's biggest independent oil traders, Gunvor moved 79 million tons of crude and oil products in the first half, the most on record. The shift was in part due to the expansion of the company – which has built up its equity to $6.8 billion – and was primarily driven by more deals in North America, Törnqvist said. “We built up a quite substantial export business out of North America, even though we only started three or four years ago,” he said in an interview on the sidelines of the APPEC conference in Singapore on Monday. “We're building on that and working it into our markets in Europe and in Asia.” Gunvor agreed to exclusively supply CVR Ener
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CVI
News
- CVR Energy, Inc. (NYSE: CVI) had its price target lowered by analysts at Mizuho from $27.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- CVR Energy, Inc. (NYSE: CVI) was upgraded by analysts at Tudor Pickering to a "strong sell" rating.MarketBeat
- Recent 9.1% pullback isn't enough to hurt long-term CVR Energy (NYSE:CVI) shareholders, they're still up 133% over 3 years [Yahoo! Finance]Yahoo! Finance
- CVR Energy, Inc. (NYSE: CVI) was downgraded by analysts at Tudor, Pickering, Holt & Co. from a "hold" rating to a "sell" rating.MarketBeat
- Gunvor Is Growing Oil Book Through North America Deals, CEO Says [BNN Bloomberg (Canada)]BNN Bloomberg
CVI
Earnings
- 7/29/24 - Beat
CVI
Sec Filings
- 9/3/24 - Form 8-K
- 8/19/24 - Form SC
- 7/30/24 - Form 10-Q
- CVI's page on the SEC website