CVR Energy: Regulatory And Venezuela Tailwinds Make Shares Attractive (Upgrade)

Core Viewpoint - CVR Energy, Inc. (CVI) shares have experienced significant volatility over the past year, gaining 39% due to widening crack spreads and regulatory relief, but are down 30% from their highs in early fall [1] Summary by Relevant Sections - Stock Performance - CVR Energy shares have gained 39% over the past year [1] - The stock is currently down 30% from its peak in early fall [1] - A notable jump in share price occurred on Monday [1] - Market Dynamics - The increase in share price is attributed to widening crack spreads [1] - Regulatory relief has also played a role in the stock's performance [1] - Investment Strategy - The company has a history of making contrarian bets based on macro views and turnaround stories to achieve outsized returns [1]