U.S. refinery stocks are an attractive place to be for investors, Barron’s said, even after some companies in the sector suffered flood damage and output shortages from Hurricane Harvey.
U.S. refiners are benefiting from a short-term spike in gasoline prices post-Harvey and, over the long term, will benefit from U.S. energy independence, according to Barron‘s.
Marathon Petroleum pays an attractive dividend, has diverse holdings and high-tech refining assets, Barron’s said, adding that Andeavor also pays an attractive dividend and trades at a low valuation compared with peers.
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