Par Pacific Holdings: A Risky Play In A Cyclical Industry (NYSE:PARR)

Investing in small refiners can be a risky endeavor. In a moment, margins are healthy. Those same margins can quickly shift to below break-even levels. This is a common theme among small refiners who struggle to stayI am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real estate properties fo ...