NYSE:PBFOil and Gas
PBF Energy (PBF) Is Up 14.9% After Venezuela-Focused Upgrade And Martinez Restart Plan - Has The Bull Case Changed?
PBF Energy recently drew attention after Piper Sandler upgraded the refiner to Overweight, highlighting its ability to handle Venezuelan heavy sour crude and the planned full restart of the Martinez refinery by March 2026.
An interesting angle is how access to Venezuelan barrels could interact with PBF’s complex refining setup, potentially affecting margins differently across its coastal markets.
We’ll now examine how Piper Sandler’s upgrade, centered on Venezuelan crude import potential,...