Locator: 50261REFINERS.
Most notable, MPC. Huge jump this a.m., only to fall back.
Commodities: everything suggests movers and shakers are betting on severe global recession.
US refiners, one month returns: 10 to 20%. All hitting new 52-week highs. All pay great dividends.
P/E: most at 16 to 20. CVX at 30.
LNG exporters, in the past month:
- Cheniere: up almost 30%.
- Venture Global: up 60%.
