Par Pacific Holdings Inc (PARR)

Nevada's Only Refinery Is Switching On -- Just as the West Loses the Capacity It Can't ReplaceJune 22, 2026 10:38 AM
PR Newswire (US) Issued on behalf of Sky Quarry Inc.After a period of repairs and balance-sheet work, Sky Quarry says it is entering its production phase — with crude already on-site, storage in place, and a strategic position in a fuel market the West keeps shrinkingUSA News Group News Commentary BOCA RATON, Fla., June 22, 2026 /PRNewswire/ -- The American refining map is shrinking, and the math behind that simple fact is becoming one of the more overlooked stories in energy. Across the Western United States, refineries have been closing or announcing closures, pulling meaningful capacity out of a market where demand for gasoline, diesel, and jet fuel has stayed stubbornly resilient. When supply contracts and demand does not, the assets that remain become more valuable — and harder to replace. Against that backdrop, a small Nevada-focused energy company says it is flipping the switch on an asset that sits squarely in the gap. On its latest update, Sky Quarry Inc. (NASDAQ: SKYQ) told shareholders it is entering the production phase at its Foreland Refinery — described as the only operating refinery in the State of Nevada — marking a transition the company has spent years working toward. Key TakeawaysEntering production: Sky Quarry says it is moving into the production phase at the Foreland Refinery near Ely, Nevada — the only operating refinery in the state — with refinery operations expected to commence in July.Inventory already in place: The company reports approximately 10,000 barrels of crude oil and in-process inventory on-site and moving through the refining process, which it frames as both operational readiness and an immediate working asset.Storage and readiness: Foreland has more than 100,000 barrels of total storage capacity, which the company expects to provide operational flexibility and describes as an important component of the refinery's long-term value.A scarce strategic position: Nevada is one of the most fuel-import-dependent states in the country, and the company argues Foreland's in-state refining capacity is increasingly valuable as Western refining capacity exits the market.From preparation to performance: Management frames this as an inflection point — shifting focus from repairing and funding the asset toward production, customer deliveries, operating margins, and cash flow — though it remains a micro-cap working through that transition.Why a Single Refinery Matters So MuchTo understand why Sky Quarry frames this moment as pivotal, you have to understand the unusual scarcity of what it owns. Refineries are extraordinarily difficult to build today: they require enormous capital, years of permitting, and the navigation of environmental and community opposition that has effectively halted new refinery construction in much of the United States. The practical consequence is that existing, permitted, operating refineries have become high-barrier infrastructure — assets that would be very difficult, and in many regions effectively impossible, to replicate. When one of them sits in a state that has none other, its strategic weight grows accordingly.That is the case Sky Quarry makes for Foreland. Nevada consumes substantial quantities of gasoline, diesel, and other refined products, yet has historically relied on fuel imported from neighboring regions — making it one of the most fuel-import-dependent states in the nation. A refinery physically located within Nevada occupies a distinctive position in that supply chain, able to serve in-state demand and the broader Intermountain West without the logistics and cost penalties of long-haul imports. As the company puts it, Foreland provides refining capacity directly within a market that otherwise depends on barrels trucked or piped in from outside.The Capacity Squeeze Working in Its FavorThe macro trend underpinning the story is the steady erosion of Western refining capacity. Several large refining facilities in California have either ceased operations or announced plans to do so, removing meaningful capacity from the Western market. Each closure tightens the regional supply-demand balance and, in the company's framing, reinforces the strategic importance of the refining assets that remain. It is a dynamic that does not depend on any single dramatic event; it is the cumulative, structural drift of a region losing the ability to make its own fuel even as it keeps consuming it.That backdrop is what gives a sub-scale asset like Foreland outsized relevance. The company describes a combination of attributes that, taken together, it considers increasingly difficult to replicate: refining infrastructure, substantial storage capacity, access to regional crude supply, operating permits, customer relationships, and a strategic location serving a fuel-deficient market. Individually, none of these is unique. Collectively, in a region where replacement refining capacity has become scarce, the company argues they form a genuinely defensible position. Foreland has operated for more than two decades, processing heavy crude sourced from Nevada and Utah into diesel, vacuum gas oil, naphtha, and liquid paving asphalt for Western markets.What "Entering Production" Actually Means HereThe substance of the update is a shift from preparation to operation. Sky Quarry says recent work has included repairs, upgrades, and enhancements across critical operating systems, including storage infrastructure that now gives the company more than 100,000 barrels of total storage capacity — capacity that provides operational flexibility and, the company argues, represents an important component of the refinery's long-term value. With that work in its final stages, management expects to commence refinery operations in July.Critically, the company says it is entering operations with inventory already in place — approximately 10,000 barrels of crude oil and in-process inventory on-site and moving through the refining process. Sky Quarry frames that inventory as both a sign of operational readiness and an immediate working asset as production begins, positioning the company to participate in the value-creation process of converting crude into refined products from the outset rather than starting from a standstill."As refinery operations commence, Sky Quarry's focus shifts toward production, customer deliveries, operating margins, and cash flow generation," said Marcus Laun, Interim Chief Executive Officer of Sky Quarry, describing what the company calls a fundamental transition in its corporate evolution. For much of its recent history, management's attention was centered on repairing infrastructure, securing working capital, and preparing Foreland for operations; as operations begin, the company says that focus turns to running the asset and generating cash flow — a materially different operating profile, in its telling, than it carried earlier in the year.The Economics: Margins, Not Just Oil PricesOne nuance worth understanding is how a refiner actually makes money. While headlines tend to fixate on the price of crude oil, a refinery's economics are driven primarily by refining margins — the spread between what it pays for crude feedstock and what it earns for the refined products it sells. Crude oil is the principal input, and in a healthy demand environment, lower feedstock costs can actually benefit a refiner rather than hurt it. Sky Quarry has emphasized that its focus is on operating efficiently, managing costs, and capturing attractive margins through disciplined execution, rather than betting on the direction of crude prices themselves. For investors more accustomed to thinking of energy companies as leveraged plays on oil, that distinction matters: a refiner can prosper in environments that pressure producers, and vice versa.The Names That Frame the Refining TradeSky Quarry is, by any measure, a micro-cap minnow in a sector dominated by far larger operators, but the broader independent-refining landscape helps frame both the economics it is entering and the scale of its established peers. Looking at a few of the most relevant public names illustrates the sector — and the gulf between a single-refinery developer and the industry's incumbents.HF Sinclair Corporation (NYSE: DINO) is arguably the most geographically on-point comparison. The integrated refiner operates facilities across the Rocky Mountain, Mid-Continent, Southwest, and Pacific Northwest regions — including refineries in Wyoming, Utah, and Washington — serving the very Intermountain West fuel markets that Foreland targets, and its Utah operations are configured to run the kind of regional waxy crude that the eastern-Utah basin around Sky Quarry's PR Spring resource is known for. As a large, established operator in Foreland's own backyard, HF Sinclair illustrates both the scale of the regional refining incumbents and the strategic value of refining capacity positioned to serve these inland markets.Par Pacific Holdings, Inc. (NYSE: PARR) offers perhaps the most apt comparison in spirit. Par Pacific has built a business around refineries in logistically isolated, niche Western markets such as Hawaii, Wyoming, and the Pacific Northwest — markets where local refining enjoys a natural advantage over distant imports, much as Sky Quarry argues Foreland does in Nevada. As a mid-cap that has rewarded investors handsomely while carrying the volatility inherent to refining, Par Pacific illustrates both the appeal and the risk of the regionally advantaged refining model.CVR Energy, Inc. (NYSE: CVI) is an independent petroleum refiner and marketer focused on the mid-continent region. CVR exemplifies the margin-driven nature of the refining business — its fortunes rise and fall with the spread between crude costs and refined-product prices — and serves as a reminder that even established refiners operate in a cyclical, margin-sensitive industry where execution and cost discipline determine outcomes.Calumet, Inc. (NASDAQ: CLMT) rounds out the group as one of the closest comparisons in profile, if not in product mix. A specialty-products refiner with facilities positioned from Louisiana to Montana, Calumet is among the smaller, more niche-focused names in the public refining universe — a reminder that not every refiner competes on commodity-fuel scale, and that specialized positioning and disciplined operations matter as much as size. Calumet illustrates the challenges and opportunities facing smaller refining operations, including the leverage and margin sensitivity that come with the territory. These companies are referenced to illustrate the sector and do not imply any partnership, endorsement, affiliation, or comparable financial performance; they are larger and more established multi-facility operators, while Sky Quarry is a micro-cap operating a single refinery and entering its production phase.The Risks Behind the StoryThe strategic logic is compelling, but the risks are substantial and deserve clear emphasis. Sky Quarry is a development-stage micro-cap, and the production phase it is entering follows a difficult stretch: the Foreland refinery experienced outages for boiler repairs that halted production and sharply reduced revenue, and the company has been working through the financial consequences. Management states that repairs are complete and operations are expected to commence in July, but a planned restart is not the same as sustained, profitable production, and ramp-up timelines can slip. The company's ability to procure feedstock, run reliably, and capture healthy margins all remain to be demonstrated at scale.Beyond operational execution, the company carries the ordinary risks of a small-cap energy operator: exposure to volatile refining margins and commodity prices, the need for continued access to capital, and a balance sheet that — while improved, by the company's account — reflects a business still establishing consistent cash generation. As a micro-cap, its shares can be volatile, and its development ambitions beyond the refinery depend on financing that is not assured. Investors should weigh the genuine strategic appeal of a scarce, in-state refining asset against the real and well-documented execution, financing, and commodity risks that accompany a company at this stage.The Bottom LineSky Quarry's update marks a genuine inflection point in its corporate story: the moment a company that has spent years repairing, funding, and preparing an asset says it is ready to actually run it. The value of the Foreland Refinery has historically been viewed through the lens of its potential; as operations commence and throughput builds, it will increasingly be judged on operational performance, cash-generating capability, and its strategic position within a Western fuel market that keeps losing the capacity it cannot easily replace. That is a meaningfully different way for the market to evaluate the company — and a higher bar.Whether Sky Quarry can convert a scarce, strategically located refining asset into sustained, profitable production remains to be proven, and the execution and financing risks facing any micro-cap at this stage are real. But the underlying question the company is built around — who will supply fuel to a region steadily losing the ability to make its own — is a genuinely important one. For investors tracking where the shrinking Western refining map creates value, the switching-on of Nevada's only refinery is a development worth following closely.CONTINUED … Learn more about Sky Quarry Inc. at: https://usanewsgroup.com/skyq-landing.SEE WHAT THE MARKET IS TALKING ABOUT BEFORE IT MOVESEagle Eye reads social, forum, and news chatter across thousands of investor conversations in real time — and surfaces the tickers the crowd is piling into, along with the sentiment and catalysts behind them.Explore Eagle Eye free (for now) at https://Eagle-Eye.dev.CONTACT:
World Street Intelligence
info@worldstreetintelligence.comSOURCES:[1] Sky Quarry Inc. — "Sky Quarry Enters Production Phase at Nevada's Only Refinery" / shareholder business update (June 2026; primary source for the production-phase transition, ~10,000 bbl on-site inventory, 100,000+ bbl storage, ~$4M liquidity, July operations commencement, CEO Marcus Laun quotes): https://skyquarry.com/investor-information/new-events/.
[2] Sky Quarry Inc. — "Sky Quarry's Nevada Refinery Gains Strategic Value as Brent Crude Surpasses $110 and West Coast Refining Capacity Shrinks" (ACCESS Newswire, April 2, 2026; Foreland ~5,000 bpd permitted capacity, products slate, California refinery closures, Nevada import dependence).
[3] Sky Quarry Inc. — corporate / SEC disclosure (NASDAQ: SKYQ; Foreland / Eagle Springs facility, Railroad Valley near Ely, NV; 1-for-8 reverse split March 2026; Q1 2026 boiler-repair outages and revenue impact; PR Spring, ECOSolv).
[4] U.S. Energy Information Administration — Western U.S. refining capacity, California refinery closures, and regional fuel supply dynamics (context for shrinking PADD 5 refining capacity and import dependence): https://www.eia.gov/petroleum/refinerycapacity/.
[5] Yahoo Finance / sector coverage — independent and downstream refining peer context (HF Sinclair DINO, Par Pacific PARR, CVR Energy CVI, Calumet CLMT; refining margins, Intermountain West and Western-market exposure).DISCLAIMER:USANewsGroup.com ("USA") is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland ("MIQL"). This communication is for digital media distribution purposes only. MIQL has been paid a fee by Creative Direct Marketing Group ("CDMG") for digital media distribution and original content production related to Sky Quarry, Inc. on behalf of Sky Quarry, Inc. The owner/operator of MIQL does not currently own any shares of Sky Quarry, Inc. but reserves the right to buy and sell, and will buy and sell shares of Sky Quarry, Inc. at any time without any further notice commencing immediately and ongoing. The communications between MIQL and Sky Quarry, Inc. and the related compensation arrangements between MIQL, CDMG and Sky Quarry, Inc. have been reviewed and approved on behalf of Sky Quarry, Inc. by CDMG.This article was reviewed and approved on behalf of Sky Quarry, Inc. by CDMG, and also directly from the Sky Quarry Inc.Owners, employees, and agents of USA and MIQL are not registered broker-dealers or investment advisors. The information contained in this communication is not, and should not be construed as, investment advice, an offer to sell or a solicitation of an offer to buy any security. The information contained in this communication is current at the date of publication and is provided in good faith from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Readers should conduct their own due diligence and consult with a registered broker-dealer or financial advisor before making any investment decision.This communication contains forward-looking statements within the meaning of applicable U.S. securities legislation. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: market and commodity price volatility; legal and regulatory risks; risks of being a small-capitalization company; the volatility of microcap and small-cap securities; risks associated with U.S. listing requirements; reliance on a single operating refinery; risks associated with operating in regulated U.S. energy markets; geopolitical risks; risks associated with development-stage assets; and risks of changes in U.S. federal and state energy policy. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this communication.This article references Sky Quarry, Inc.'s Request for Proposals to engage partners in accelerating development of the PR Spring oil sands asset. Independent investors should understand that the RFP is a non-binding solicitation of interest. There is no guarantee that any partnership transaction, joint venture, or development financing will result from the RFP process, or that any specific commercial terms will be agreed. Estimated production costs ($35 per barrel) and incremental capital requirements ($4 to $5 million) are based on prior engineering and feasibility work and are subject to change. The PR Spring resource estimate (approximately 180 million barrels) is based on prior technical reports and does not constitute proved reserves.Comparable companies referenced in this article (Valero Energy, HF Sinclair, Par Pacific, and Delek US) are presented for context purposes only. Sky Quarry, Inc. is materially different from each of these comparables in terms of market capitalization, refining throughput, leverage, and operating scope. Past performance of any comparable does not guarantee future performance of Sky Quarry, Inc.By reading this communication, the reader acknowledges that they have read and understand this disclaimer and the risks identified herein. View original content to download multimedia:https://www.prnewswire.com/news-releases/nevadas-only-refinery-is-switching-on--just-as-the-west-loses-the-capacity-it-cant-replace-302806475.html Original: Nevada's Only Refinery Is Switching On -- Just as the West Loses the Capacity It Can't Replace

180 Million Barrels Of Oil Sands, A 5,000 BPD Permitted Nevada Refinery, And A New Multi-Party SAF Collaboration Just Stacked Onto The U.S. Domestic Refining Capacity ConversationMay 29, 2026 8:56 AM
PR Newswire (US) Issued on behalf of Sky Quarry Inc.As Western U.S. refining capacity continues to consolidate, Brent crude trades in the ~$95.00 range, and the Trump administration prioritizes domestic refining under Presidential Determinations, one integrated energy and resource recovery company has positioned itself directly at the intersection of feedstock, infrastructure, and policy.USA News Group News CommentaryWOODS CROSS, Utah, May 29, 2026 /PRNewswire/ -- U.S. domestic refining capacity has entered a structurally tight phase. West Coast refining capacity has continued to shrink, the Q1 2026 earnings cycle for major U.S. refiners confirmed disciplined demand and tight margin discipline across the complex, and the Trump administration's Presidential Determinations on domestic refining capacity under the Defense Production Act have placed strategic priority on U.S.-based refining infrastructure. Inside that landscape, Sky Quarry, Inc. (NASDAQ: SKYQ), Valero Energy Corporation (NYSE: VLO), HF Sinclair Corporation (NYSE: DINO), Par Pacific Holdings, Inc. (NYSE: PARR), and Delek US Holdings, Inc. (NYSE: DK) collectively span the spectrum from emerging vertically integrated upstream-downstream operator to large-scale U.S. refining-and-marketing major.  Sky Quarry, Inc. (NASDAQ: SKYQ), an integrated energy and resource recovery company, has used the first half of 2026 to sequence a series of strategic announcements positioning the Company directly at the intersection of feedstock availability, U.S. refining capacity, and emerging low-carbon fuel pathways. On May 7, 2026, Sky Quarry executed a non-binding multi-party Memorandum of Understanding with Southern Energy Renewables, Inc. (a U.S.-based developer of carbon-negative fuels and large-scale biomass-to-Sustainable Aviation Fuel platforms) and DevvStream Corp. (a technology-driven environmental markets and carbon management company). The MOU has an initial three-year term and establishes a strategic collaboration focused on fuel innovation, refinery integration, and low-carbon fuel development.The collaboration targets pilot-scale validation of SAF, specialty fuels, and recycled-hydrocarbon blends at Sky Quarry's PR Spring oil sands asset in Utah — a resource the Company has disclosed at approximately 180 million barrels of oil — alongside technology upgrades at the Foreland Refinery in Nevada. The integrated pathway provides Sky Quarry access to carbon management, environmental attributes, and commercialization pathways across both the conventional refining and SAF sides of the U.S. fuel supply environment. Section 45Z Production Tax Credit framework on the SAF side and Defense Production Act policy on the conventional side together describe the most supportive operating environment U.S. integrated refining operators have seen in recent memory.Earlier in the quarter, on April 29, 2026 (with an expanded version released on May 4, 2026), Sky Quarry announced a Request for Proposals (RFP) to engage partners seeking to accelerate development and commercialization of the approximately 180 million barrels of oil at the PR Spring asset. The RFP includes potential integration of PR Spring heavy oil production directly into the Foreland Refinery — creating a vertically integrated upstream-to-downstream pathway from Utah feedstock to Western U.S. finished products. The Company has also issued a separate RFP to monetize 7 megawatts of installed surplus turbine generation at the same site, providing additional commercial flexibility around the underlying infrastructure base.The Foreland Refinery operates at 5,000 barrels per day of permitted capacity — a scarce, fully permitted, and recently upgraded asset inside a constrained Western U.S. fuel market. On January 27, 2026, Sky Quarry announced the completion of high-impact system upgrades at Foreland, unlocking strategic value across the refinery's 5,000 BPD permitted capacity. The Company's broader strategic growth plan, announced in 2025, targets up to 800,000 barrels of annual sustained production at Foreland — providing the operational scale-up roadmap for the integrated upstream-and-downstream model the Company is now executing against.Sky Quarry's positioning within the U.S. domestic refining capacity — reinforced by the April 23, 2026 press release citing the Trump administration's Presidential Determinations on domestic refining capacity under the Defense Production Act — places the Company at the intersection of the energy security policy framework now being deployed at the federal level. The combination of permitted refinery infrastructure, 180 million barrels of in-place feedstock, multi-party SAF collaboration, and Defense Production Act policy alignment provides the structural framework within which Sky Quarry's integrated platform is being evaluated. For more company information, visit USA News Group.In other industry developments and happenings in the market include:Valero Energy Corporation (NYSE: VLO) — among the largest independent petroleum refiners and marketers in the world — has continued to leverage tight U.S. refining margin economics through Q1 2026. The Company's portfolio of refineries across the U.S. Gulf Coast, mid-continent, West Coast, and Atlantic Coast provides the scale reference for what large-cap U.S. refining-and-marketing operations look like inside the current Western fuel supply environment. Recent quarterly results continued to reflect disciplined refining margin capture across the cycle.Valero's continued scale advantage and refining margin discipline provides the institutional reference for U.S. refining sector performance — and reinforces the structural premium attaching to permitted refining capacity inside the current Defense Production Act prioritization framework. Across the U.S. refining complex, the procurement environment continues to favor operators with established, permitted, and operationally upgraded refining infrastructure.HF Sinclair Corporation (NYSE: DINO) — formed via the 2022 merger of HollyFrontier and Sinclair — has continued to operate one of the larger integrated U.S. refining and marketing platforms through Q1 2026. The Company's refineries across the mid-continent and Rocky Mountain regions, combined with the Sinclair-branded retail network, provide diversified margin capture across the U.S. fuel supply chain.HF Sinclair's integrated refining-and-marketing model and continued operational platform discipline through 2026 reinforces the structural relevance of regional refining infrastructure inside the broader U.S. fuel supply environment. The Company's continued investment in renewable diesel and lower-carbon fuel pathways provides additional architectural reference for the integrated conventional-and-low-carbon strategy that mid-sized U.S. refiners are increasingly deploying.Par Pacific Holdings, Inc. (NYSE: PARR) operates refining assets in Hawaii, Wyoming, Montana, and Washington — making it one of the more geographically diversified mid-tier U.S. independent refiners. Par Pacific's positioning at the intersection of constrained regional markets (particularly Hawaii and the Pacific Northwest) has reinforced the strategic relevance of its refining footprint inside the tightening Western U.S. fuel supply environment through 2026.Par Pacific's regional refining concentration — particularly in Western and Pacific markets — provides direct reference for the structural value of permitted Western refining infrastructure. The Company's operating discipline and continued reinvestment in refining capacity reinforces the broader procurement environment thesis: Western U.S. refining capacity is structurally constrained, and operators with permitted, operationally upgraded assets are commanding strategic value.Delek US Holdings, Inc. (NYSE: DK) operates refining assets in the U.S. Gulf Coast and mid-continent regions, alongside a retail and logistics platform. The Company's Q1 2026 earnings cycle reinforced the broader U.S. refining sector observation: tight global capacity, disciplined demand, and structurally supported refining margins are providing the operating environment within which mid-sized U.S. independent refiners are operating.Delek's continued operational platform and disciplined capital allocation through 2026 provides the additional reference for U.S. independent refining performance inside the current cycle. Across the broader U.S. independent refining complex, the structural premium attaching to permitted refining capacity — combined with the Defense Production Act prioritization framework — continues to reinforce the institutional engagement around U.S.-based integrated refining-and-feedstock operations of all scales.Across the comparable set, the message is consistent: U.S. domestic refining capacity is constrained, Western fuel supply is tightening, and federal policy is actively reinforcing the strategic value of permitted refining infrastructure. Sky Quarry's May 7 multi-party MOU with Southern Energy Renewables and DevvStream, the April–May RFP for the 180-million-barrel PR Spring oil sands asset, the January 2026 Foreland refinery upgrades completion, and the April 23 Defense Production Act positioning collectively place the Company at the integrated upstream-and-downstream intersection inside the broader U.S. refining capacity priority. For investors building exposure to the U.S. domestic refining and energy security cycle, SKYQ deserves a closer look.CONTINUED… Read this and more news for Sky Quarry Inc. at: https://usanewsgroup.com/skyq-landing.Logo: https://mma.prnewswire.com/media/2838876/USA_News_Group_Logo.jpgCONTACT:
USA News Group
info @therooster-2873Article Sources:[1] https://www.stocktitan.net/news/SKYQ/sky-quarry-enters-strategic-multi-party-mou-to-advance-next-3x4zih3h99i6.html
[2] https://www.prnewswire.com/news-releases/180-million-barrels-of-utah-oil-sands-resource-under-development-by-sky-quarry-302769254.html
[3] https://www.globenewswire.com/news-release/2026/05/12/3293082/0/en/The-Unlikely-Intersection-of-America-s-Only-Nevada-Refinery-and-Sustainable-Aviation-Fuel.html
[4] https://www.valero.com/news
[5] https://hfsinclair.com/news
[6] https://www.parpacific.com/news
[7] https://www.delekus.com/newsDISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed by USA News Group on behalf of Market IQ Media Group Inc. ("MIQ"). Regarding this publication, MIQ has been paid a fee for Sky Quarry, Inc. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of Sky Quarry, Inc., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of Sky Quarry, Inc. but reserves the right to buy and sell, and will buy and sell shares of Sky Quarry, Inc. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of Sky Quarry, Inc. by CDMG. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Issued on behalf of Sky Quarry, Inc. by USA News Group / Market IQ Media Group, Inc. View original content:https://www.prnewswire.com/news-releases/180-million-barrels-of-oil-sands-a-5-000-bpd-permitted-nevada-refinery-and-a-new-multi-party-saf-collaboration-just-stacked-onto-the-us-domestic-refining-capacity-conversation-302785492.htmlSOURCE USA News Group Original: 180 Million Barrels Of Oil Sands, A 5,000 BPD Permitted Nevada Refinery, And A New Multi-Party SAF Collaboration Just Stacked Onto The U.S. Domestic Refining Capacity Conversation

I am even, and out of this POS.

Finally punching higher!

Getting close to that 52 week high.

Looking like a one month climb out of the price pit, amidst some accumulation. Mideast oil worries should help this stock rise.

Drill, baby, drill.

Foreign oil tariffs can only be good for this company's bottom line.

Wth price/book at 0.78, this looks like a possible acquisition target to me. Not to mention the 93% institutional ownership.

Sell some to the U.S. strategic reserve.

Get those pumps churning!

P/E: 3.19
Price/Book: 0.74
Institutional Ownership: 94.71%

I am guessing there aren't many shares being traded. Looking for this to spike back toward $40 again next quarter.

Oil should be back in focus with new administration.

I wonder if foreign oil will have increased tariffs.

Institutional ownership is extremely high on this one. With price/book at 1.03, this should make a good acquisition for someone's petrol portfolio. Looks like they need some efficiency experts to clean up operations to get the profits up.

Strange, that there isn't much comment on this stock. Well kept secret?

5 PE $$$$$$$$

WOOOOOOOOOOOW 113000 SHARE BUY $$$$$$$$$$

5000 SHARE BUY AFTER HOURS $$$$$$$

BREAKING NEWS: $PARR Par Pacific Holdings Inc (PARR) Q3 2020 Earnings Call Transcript

Image source: The Motley Fool. Par Pacific Holdings Inc (NYSE: PARR) Q3 2020 Earnings Call Nov 2, 2020 , 10:30 a.m. ET Operator Continue reading For further details see: Par Pacific Holdings Inc (PARR) Q3 2020 Earnings Call Transcript

Got this from PARR - Par Pacific Holdings Inc (PARR) Q3 2020 Earnings Call Transcript

NEWS: $PARR Par Pacific Holdings Reports Third Quarter 2020 Results

HOUSTON, Nov. 02, 2020 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended September 30, 2020. Par Pacific reported a net loss of $14.3 million, o...

Read the whole news PARR - Par Pacific Holdings Reports Third Quarter 2020 Results

News: $PARR Par Pacific Holdings Reports Second Quarter 2020 Results

HOUSTON, Aug. 09, 2020 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended June 30, 2020. Par Pacific reported a net loss of $40.6 million, or $(0.76) ...

Read the whole news PARR - Par Pacific Holdings Reports Second Quarter 2020 Results

Par Pacific Holdings Announces Intent To Launch $50 Million Common Stock Rights Offering (8/15/16)

HOUSTON, Aug. 15, 2016 /PRNewswire/ -- Par Pacific Holdings, Inc. (NYSE MKT: PARR) ("Par Pacific" or the "Company") today announced it intends to launch a registered rights offering on or about August 26, 2016. In the rights offering, each holder of the Company's common stock as of the close of business on the record date of August 25, 2016 will be issued, at no charge, one transferable subscription right for each whole share of common stock owned by that stockholder on the record date.

Each subscription right will entitle the holder thereof to purchase 0.099 of a share of the Company's common stock at $12.25 per whole share (subject to rounding down to avoid the issuance of fractional shares) (the "basic subscription privilege"). The rights offering will also include an oversubscription privilege, which will entitle stockholders who exercise all of their subscription rights in the basic subscription privilege the right to purchase additional shares of the Company's common stock in the rights offering, subject to availability and pro rata allocation of shares among rights holders exercising such oversubscription privilege. No fractional shares of common stock will be issued in the rights offering. The subscription rights will expire if they are not exercised by 5:00 p.m. New York City time on September 14, 2016 (unless extended).

The Company will offer a number of shares of its common stock in the rights offering, inclusive of the over-subscription privilege, representing approximately $50 million of gross proceeds. The Company plans to use the net proceeds from the rights offering to prepay or repay its 2.5% convertible subordinated bridge notes.

The rights offering will be made pursuant to a registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the "SEC"). The rights offering will be made solely by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, which was filed with the SEC as part of the registration statement. Additional information regarding the rights offering will be set forth in the prospectus.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Par Pacific Holdings

Par Pacific Holdings, Inc., based in Houston, Texas, is a growth-oriented company that manages and maintains interests in energy and infrastructure businesses. Par Pacific's business is organized into three primary segments of refining, retail and logistics. Par Pacific has refining and logistics assets in Hawaii and Wyoming and a retail distribution network in Hawaii. Par Pacific also owns an equity investment in Laramie Energy, LLC, a joint venture entity focused on producing natural gas in Garfield, Mesa and Rio Blanco Counties, Colorado. In addition, Par Pacific transports, markets and distributes crude oil from the Western United States and Canada to refining hubs in the Midwest, Gulf Coast and East Coast. More information is available at www.parpacific.com.

http://www.prnewswire.com/news-releases/par-pacific-holdings-announces-intent-to-launch-50-million-common-stock-rights-offering-300313336.html

Par Petroleum (NYSEMKT:PARR) says Piceance Energy, in which Par owns a 32.4% interest, has entered into a natural gas joint venture with Questar (NYSE:STR) subsidiary Wexpro for an 80 well drilling program.

STR says the agreement provides options for Wexpro to acquire development rights for deeper formations and expand the drilling program up to 300 wells, depending on commodity prices.

Wexpro will fund roughly two-thirds of the required expenses, or $60M-$70M, and Piceance will fund the remaining third.

Par Petroleum (NYSEMKT:PARR): Q1 EPS of $0.31 may not be comparable to consensus of $0.57.

Revenue of $543.61M (-26.9% Y/Y) beats by $53.41M.

PARR price performance since expiration of rights offering.

Par Petroleum Corporation Announces Successful Completion of Common Stock Rights Offering and Award of $164 Million Contract with Defense Logistics Agency Energy (8/14/14)

HOUSTON--(BUSINESS WIRE)--Par Petroleum Corporation (NYSE MKT: “PARR”) announced today that its previously announced common stock rights offering was fully subscribed through the exercise of basic subscription and oversubscription privileges, and that Par will issue all 6,364,512 shares of its common stock offered. The subscription period for the rights offering expired at 5:00 p.m., New York City time, on August 13, 2014. The rights offering resulted in gross proceeds, before expenses, to Par of approximately $101.8 million. As previously announced, Par intends to use the proceeds from the rights offering to finance potential acquisitions, including the acquisition of Mid Pac Petroleum, LLC, and for general corporate purposes, including working capital.

Stockholders who exercised their oversubscription privilege will be notified individually as to their allocation of oversubscription shares after final pro-rata results have been calculated, in accordance with the terms disclosed in the prospectus supplement.

Immediately following the completion of the rights offering, Par will have approximately 36,651,426 shares of common stock outstanding.

In addition, Par announced that following a competitive bidding process, its wholly-owned subsidiary, Hawaii Independent Energy, LLC, was awarded a one-year contract valued at $163,945,596 by the Defense Logistics Agency Energy for the supply of aviation turbine fuel in Hawaii. This value equates to approximately 3,500 barrels per day of Jet-A and JP-5 grade jet fuel over the life of the contract.

About Par

Par Petroleum Corporation is a Houston-based company that manages and maintains interests in a variety of energy-related assets. Par is a growth company that looks for acquisitions with strong fundamentals and employees who can move the business forward.

Par, through its subsidiaries, owns and operates a 94,000 bpd refinery located in Hawaii on the island of Oahu. This refinery, together with substantial storage capacity, a 27-mile pipeline system, terminals, and retail outlets, provides a substantial portion of the energy demands of Hawaii.

Par’s largest oil and gas asset is its investment in Piceance Energy, LLC, which owns and operates natural gas reserves located in the Piceance Basin of Colorado.

Par also markets, transports and distributes crude petroleum-based energy products through Texadian Energy. With significant logistics capability on key pipeline systems, a rail car fleet, and a fleet of chartered barge tows, Par believes it has a competitive advantage in moving crude oil efficiently from land locked locations in the Western U.S. and Canada to the refining hubs in the Midwest, the Gulf Coast, and the East Coast.

Par’s charter contains restrictions that prohibit parties from acquiring 5% or more of Par’s common stock without the company’s prior consent.

http://www.businesswire.com/news/home/20140814006209/en/Par-Petroleum-Corporation-Announces-Successful-Completion-Common#.U-980ol0yUk

PARR uplisted from OTCBB to NYSE MKT.:

http://www.otcbb.com/asp/dailylist_detail.asp?d=07/21/2014&mkt_ctg=OTCBB

Par to Launch Common Stock Rights Offering on July 22, 2014 to Raise Approximately $100 Million (7/21/14)

HOUSTON--(BUSINESS WIRE)--Par Petroleum Corporation (OTCQB: “PARR”) announced today that it intends to launch its previously announced registered rights offering on July 22, 2014. The Company intends to raise approximately $100 million of gross proceeds from the rights offering and plans to use the net proceeds from the rights offering to finance potential acquisitions, including the previously announced pending acquisition of Koko’oha Investments, Inc., and for general corporate purposes, including working capital.

In the rights offering, each holder of the Company’s common stock as of the close of business on the record date of July 21, 2014 will be issued, at no charge, one transferable subscription right for each whole share of common stock owned by that stockholder on the record date. Each subscription right will entitle the holder thereof to purchase 0.21 of a share of the Company’s common stock at $16.00 per whole share (subject to rounding down to avoid the issuance of fractional shares) (the “basic subscription privilege”). The rights offering will also include an oversubscription privilege, which will entitle stockholders who exercise all of their subscription rights in the basic subscription privilege the right to purchase additional shares of the Company’s common stock in the rights offering, subject to availability and pro rata allocation of shares among rights holders exercising such oversubscription privilege. No fractional shares of common stock will be issued in the rights offering. The subscription rights will expire if they are not exercised by 5:00 p.m. New York City time on August 13, 2014 (unless extended).

The rights offering will be made solely by means of a prospectus supplement meeting the requirements of the Securities Act of 1933, as amended, to be filed with the Securities and Exchange Commission (“SEC”) in connection with the Company’s registration statement on Form S-3 which became effective on July 7, 2014. Additional information regarding the rights offering will be set forth in the prospectus supplement to be filed with the SEC.

THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES OF PAR PETROLEUM CORPORATION, NOR SHALL THERE BE ANY OFFER, SOLICITATION OR SALE OF SECURITIES IN ANY STATE OR JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE OR JURISDICTION. ANY SUCH OFFER, SOLICITATION OR SALE WILL BE MADE IN COMPLIANCE WITH ALL APPLICABLE SECURITIES LAWS.

About Par

Par Petroleum Corporation is a Houston-based company that manages and maintains interests in a variety of energy-related assets. Par is a growth company that looks for acquisitions with strong fundamentals and employees who can move the business forward.

Par, through its subsidiaries, owns and operates a 94,000 bpd refinery located in Hawaii on the island of Oahu. This refinery, together with substantial storage capacity, a 27-mile pipeline system, terminals, and retail outlets, provides a substantial portion of the energy demands of Hawaii.

Par’s largest oil and gas asset is its investment in Piceance Energy, LLC, which owns and operates natural gas reserves located in the Piceance Basin of Colorado.

Par also markets, transports and distributes crude petroleum-based energy products through Texadian Energy. With significant logistics capability on key pipeline systems, a rail car fleet, and a fleet of chartered barge tows, Par believes it has a competitive advantage in moving crude oil efficiently from land locked locations in the Western U.S. and Canada to the refining hubs in the Midwest, the Gulf Coast, and the East Coast.

Forward-Looking Statements

This press release includes information that constitutes forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often address our expected future business and financial performance, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” or “will.” By their nature, forward-looking statements address matters that are subject to risks and uncertainties. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include: our ability to successfully complete the rights offering; our ability to successfully complete the pending acquisition of Koko’oha Investments, integrate it into our operations and realize the anticipated benefits from the acquisition; our ability to identify all potential risks and liabilities in our due diligence of Koko’oha Investments and its business; any unexpected costs or delays in connection with the pending acquisition of Koko’oha Investments; the volatility of crude oil and refined product prices; uncertainties inherent in estimating oil, natural gas and NGL reserves; environmental risks; and risks of political or regulatory changes. In addition, please refer to the risk factors contained in the Company’s SEC filings available at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K, as amended. Because the risks, estimates, assumptions and uncertainties referred to above could cause actual results or outcomes to differ materially from those expressed in any forward-looking statements, you should not place undue reliance on any forward-looking statements. Any forward-looking statement speaks only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.
Contacts

Investor Relations Contact:
Stonegate Securities, Inc.
Preston Graham, 214-987-4121
preston@stonegateinc.com

http://www.businesswire.com/news/home/20140721005339/en/Par-Launch-Common-Stock-Rights-Offering-July#.U80ZkYlOWUk

Par Secures Financing for Acquisition (7/11/14)

HOUSTON--(BUSINESS WIRE)--Par Petroleum Corporation (OTCQB: “PARR”) announced today that it had finalized the terms of a $125 million debt facility consisting of a $50 million Term Loan and a $75 million Bridge Loan. The Bridge Loan will provide back-up financing for the Company’s pending acquisition of Koko’oha Investments, Inc. Koko’oha owns Mid Pac Petroleum LLC which distributes gasoline and diesel products throughout Hawaii through more than 80 sites and four terminals.

Bridge and Term Loan Facilities

The Term Loan replaced the Tranche B Loan (approximately $34.5 million outstanding at closing) and increased loan availability to $50 million. The incremental available proceeds of the Term Loan will be used to pay transaction costs related to the financing, to fund deposits due under the merger agreement with Koko’oha, to fund permitted acquisitions (including the acquisition of Koko’oha) and for working capital and other general corporate purposes. The Term Loan will bear interest at the rate of 10% per annum payable in cash or at a rate equal to 12% per annum payable in kind, at the option of the Company, and matures in July 2018.

The proceeds of the Bridge Loan, up to $75 million, will be available in a single draw and may be used by the Company solely to pay the cash consideration required under the merger agreement with Koko’oha and to pay transaction costs related to the credit facilities and the merger agreement. Amounts outstanding under the Bridge Loan will bear interest at 9% per annum until June 30, 2015, payable in kind by adding interest due to the outstanding principal. From and after July 1, 2015, until June 30, 2016, interest will be payable in cash at 11% per annum and will increase every three months thereafter at a rate of .5% per annum; provided that the Company may elect to pay up to 50% of the interest in kind at a rate per annum of .75% in excess of the then applicable cash interest rate. From and after July 1, 2016, interest will be payable in cash at 13% per annum and will increase every three months thereafter at a rate of .5% per annum until maturity. The Bridge Loan will mature (i) if the acquisition does not occur, on July 11, 2015 or (ii) if the acquisition is consummated, on July 11, 2017.

Either credit facility may be prepaid at any time, subject to an exit fee. Both facilities are guaranteed by certain subsidiaries of the Company. The Company has agreed to pay certain fees, including commitment fees and exit fees. The credit agreement requires the Company to comply with various and customary affirmative and negative covenants. However, the Company is not required to comply with any financial maintenance covenants.

Later today, the Company expects to file a Current Report on Form 8-K with the SEC reporting the finalization of the credit facility under Item 2.03. Please see the Form 8-K for additional details.

About Mid Pac

On June 2, 2014 Par Petroleum and a wholly owned subsidiary created for purposes of the acquisition entered into a Merger Agreement with Koko’oha, which owns 100% of Mid Pac Petroleum. Upon consummation of the merger, Mid Pac will become a wholly owned, indirect subsidiary of Par Petroleum. The transaction is expected to close before year end and is currently under regulatory review pursuant to various state and federal antitrust regulations.

Mid Pac distributes gasoline and diesel through over 80 locations across the State of Hawaii primarily under the ’76 brand. Mid Pac will offer HIE access to the Kauai marketplace through Mid Pac’s Kauai terminal and network of 3 retail and 8 card lock sites. In addition, Mid Pac is the fee owner of 22 of the retail sites, 2 terminals and office space in downtown Honolulu.

“The Mid Pac acquisition is a key component of growing our on-island market share and minimizing exports,” said Will Monteleone, Par’s Chief Executive Officer. “In addition, we also believe there are synergies to be achieved by combining HIE’s and Mic Pac’s logistical system and assets.”

Operations Update and Outlook

Par also announced today that its outlook for the second quarter and second half of 2014 has been negatively impacted, predominately by lower than expected crack spreads in the Singapore markets. The Singapore – Brent 4:1:2:1 index averaged $5.23 / bbl during the second quarter of 2014, the lowest level since the fourth quarter of 2010, and was primarily impacted by softer jet fuel pricing and increased crude costs partially driven by geo-political unrest. To the extent these negative trends continue into the second half of the year, we believe our results will be negatively impacted compared to our prior expectations. Although the acquisition of Mid Pac is scheduled to close prior to year end, the expected accretive impact will not be felt until calendar year 2015.

About Par

Par Petroleum Corporation is a Houston-based company that manages and maintains interests in a variety of energy-related assets. Par is a growth company that looks for acquisitions with strong fundamentals and employees who can move the business forward.

Par, through its subsidiaries, owns and operates a 94,000 bpd refinery located in Hawaii on the island of Oahu. This refinery, together with substantial storage capacity, a 27-mile pipeline system, terminals, and retail outlets, provides a substantial portion of the energy demands of Hawaii.

Par’s largest oil and gas asset is its investment in Piceance Energy, LLC, which owns and operates natural gas reserves located in the Piceance Basin of Colorado.

Par also markets, transports and distributes crude petroleum-based energy products through Texadian Energy. With significant logistics capability on key pipeline systems, a rail car fleet, and a fleet of chartered barge tows, Par believes it has a competitive advantage in moving crude oil efficiently from land locked locations in the Western U.S. and Canada to the refining hubs in the Midwest, the Gulf Coast, and the East Coast.

http://www.businesswire.com/news/home/20140711005744/en/Par-Secures-Financing-Acquisition#.U8WY9IlOWUk

Par Announces Plans to Launch $100 Million Common Stock Rights Offering (7/11/14)

HOUSTON--(BUSINESS WIRE)--Par Petroleum Corporation (OTCQB: “PARR”) announced today that it intends to launch a registered rights offering on or about July 21, 2014. In the rights offering, each holder of the Company’s common stock as of the close of business on the record date of July 21, 2014 will be issued, at no charge, one transferable subscription right for each whole share of common stock owned by that stockholder on the record date. The Company expects that its largest stockholder will subscribe for a number of shares of the Company’s common stock representing its proportionate share of the rights offering.

Each subscription right will entitle a stockholder to purchase a fraction of a share of the Company’s common stock at a subscription price per whole share to be determined prior to the commencement of the rights offering (the “basic subscription privilege”). The rights offering will also include an over-subscription privilege, which will entitle stockholders who exercise all of their subscription rights in the basic subscription privilege the right to purchase additional shares of the Company’s common stock in the rights offering, subject to availability and pro rata allocation of shares among rights holders exercising such over-subscription privilege. No fractional shares of common stock will be issued in the rights offering.

The Company will offer a number of shares of its common stock in the rights offering, inclusive of the over-subscription privilege, representing approximately $100 million of gross proceeds. The Company plans to use the net proceeds from the rights offering to finance potential acquisitions, including the previously announced pending acquisition of Koko’oha Investments, Inc., and for general corporate purposes, including working capital.

The rights offering will be made pursuant to a shelf registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective on July 7, 2014. The rights offering will be made solely by means of a prospectus and prospectus supplement meeting the requirements of the Securities Act of 1933, as amended, to be filed with the SEC. Additional information regarding the rights offering will be set forth in the prospectus supplement to be filed with the SEC.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any offer, solicitation or sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Par

Par Petroleum Corporation is a Houston-based company that manages and maintains interests in a variety of energy-related assets. Par is a growth company that looks for acquisitions with strong fundamentals and employees who can move the business forward.

Par, through its subsidiaries, owns and operates a 94,000 bpd refinery located in Hawaii on the island of Oahu. This refinery, together with substantial storage capacity, a 27-mile pipeline system, terminals, and retail outlets, provides a substantial portion of the energy demands of Hawaii.

Par’s largest oil and gas asset is its investment in Piceance Energy, LLC, which owns and operates natural gas reserves located in the Piceance Basin of Colorado.

Par also markets, transports and distributes crude petroleum-based energy products through Texadian Energy. With significant logistics capability on key pipeline systems, a rail car fleet, and a fleet of chartered barge tows, Par believes it has a competitive advantage in moving crude oil efficiently from land locked locations in the Western U.S. and Canada to the refining hubs in the Midwest, the Gulf Coast, and the East Coast.

http://www.businesswire.com/news/home/20140711005708/en/Par-Announces-Plans-Launch-100-Million-Common#.U8WUqYlOWUk

Could Zell convert Par to MLP like Icahn did at CVR?
http://dealbook.nytimes.com/2013/12/22/investment-strategy-rises-from-obscurity/

Reverse split, tomorrow, 1:10

01/28/2014 12:53:53|S2|PARRD|PARR|Par Petroleum Corporation. NEW Common Stock|Par Petroleum Corporation Common Stock|01/29/2014|1-10 R/S **|||U|Y|100|Y

http://www.otcbb.com/dailylist/txthistory/BB01282014.txt

Looking good here!

Will the Parr Refinery be closed by 2020?

Hawaii refineries could close by 2020, task force report says
Janis L. Magin
Pacific Business News
Date: Wednesday, November 20, 2013, 7:15am HST
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One or both of Hawaii's two refineries are likely to close by 2020 because of the significant challenges they face as demand decreases and the state's demand for cleaner sources of energy increases, according to an interim report from the state's refinery task force.

The state's progress in adopting renewable energy could reduce the need for fossil fuels by as much as 50 percent by 2020 was among the findings contained in the report submitted to Gov. Neil Abercrombie.

Abercrombie created the task force in February to assess the impact of a potential closure of the Tesoro refinery, which was recently purchased by Texas-based Par Petroleum.

“The work of the task force is critical to enabling the state to bridge the period to a new energy ecosystem and helping to ensure stable refinery supply during the transition,” Richard Lim, director of the Department of Business, Economic Development and Tourism, who oversees the task force, said in a statement. “This joint effort of public and private parties demonstrates a cohesive collaboration in addressing current and future challenges to Hawaii’s fuels ecosystem.”

Click here to read the full report.



http://m.bizjournals.com/pacific/blog/morning_call/2013/11/hawaii-refineries-could-close-by-2020.html

Managment too stupid to plan conference call properly makes me want to sell but stock already down ~10% last 2 days...

Equity Stock Reports on PARR.

id say you're not late haha

PARR = $$$$

$2 X 2.02

Valero Hawaii refinery purchase is BIG mistake for PARR

There are many reasons why *NOBODY* else would want it, including Chevron who would have had a statewide monopoly. Valero was ready to write refinery off and close it permanently. Chevron, who owns second largest refinery HI state, is trying to sell that refinery as well I believe...

***Should this trade down to $1.50 range?

Par Petroleum issues 143,884,892 shares at $1.39

100k and 150k blocks @ 1.69. Signs of life??

Just watch it. Why did it have that large sell but it did not show up on the volume? It needs more trades. Not just large trades, which I like. BIZM had large trades while it was leading the little people to their doom.

wow! on RADAR)))))


2013/06/28 1.65 1.66 1.62 1.63 5,889,025 1.63

Great day

Aim High PARR...http://www.aimhighprofits.com/parr-par-petroleum-erupts-in-volume-revenues-will-follow-27302

I wish I knew what was happening

The good thing the price is not out of hand. One can buy this and not really worry about recent buyers dumping on her/him. IMO

Two buys more than a million and half a dollars. A couple of others were close to 750,000. I am sure another for million or more.