Analyst Justin Jenkins, with an 80% success rate, identified three oil refining companies that are leading the trend in the industry
We're taking a look at a topic that might surprise many investors in the energy industry: the growth of oil refineries in the United States.
The margins that refineries earn by processing crude oil into gasoline reached a record high, leading to a positive trend in the industry.
Analyst Justin Jenkins, who ranks tenth on the list of Wall Street analysts, identified three oil refinery stocks that could follow this trend.
Jenkins points out that these three companies are not the major oil companies we all know, but they have a competitive advantage in the production of gasoline and fuel.
We see that this positive trend is reflected in the energy industry. The country's leading oil refineries are achieving a significant margin increase, which could boost their stock prices.
As prudent investors, we must keep a close eye on these companies that are leading the way in the energy industry.
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