PBF Energy: Ride the Refining Windfall While It Lasts (Buy)
PBF Energy (PBF) is a buy for a mid-term trade. Geopolitical disruptions at the Strait of Hormuz and record diesel/gasoline prices have pushed U.S. crack spreads to multi-year highs, and PBF's refining footprint, low valuation versus potential earnings, and recent technical momentum argue for a tactical long. Entry at current levels, tight stop, an…