Jun. 30 at 1:30 PM
PBF Energy
$PBF is up 18.2% over five days while WTI crude is down 4.1%, a refiner running hard against its own feedstock on crack-spread expansion. The model cut its score from 45 to 38 in the same window, stepping back from the name even as the price ran. A sharp divergence from the commodity it processes, with the model losing conviction into the move, is the tell: the read is that the gap compresses, with the open question whether crude recovers toward PBF or PBF corrects back toward crude.
