Repsol: Refining Tightness and Transition Assets Make a Compelling Long Trade
Repsol’s ADR is an actionable long with a clear entry, stop and target. European refining capacity remains tight, supporting margins for companies with integrated refineries. At the same time, Repsol’s push into renewable fuels (notably the Ecoplanta waste-to-methanol contract) gives the stock optionality in the energy transition. Technicals show a…