美国500强2012十大牛股

第4名 Western Refining炼油公司

股票代码：WNR

今年迄今股价涨幅：123%

市值：26亿美元

《财富》美国500强排名：285

    Western Refining是一家独立的炼油商，在美国西南部经营着超过200家的零售加油站，并向批发商销售石油产品。

    总部位于得克萨斯州埃尔帕索的Western公司一直受益于美国和加拿大石油产量的增长。

    这家公司的两个炼油厂主要加工轻质低硫原油。这种原油相比其他炼油厂使用的是更重质的原油，价格相对较低。

    因此，Western公司的利润率相比主要竞争对手得到了显著提升。

    这家公司还努力减轻了由于2007年收购Giant以及扩大产能投资造成的沉重债务负担。

    Western公司有望受益于未来美国可能出现的能源繁荣。预计2020年前，美国将超越沙特，成为全球最大的产油国。

#4 Western Refining

Ticker: WNR

YTD stock performance: 123%

Market cap: $2.6 billion

Fortune 500 rank: 285

    Western Refining (WNR, Fortune 500) is an independent oil refiner that operates more than 200 retail gas stations in the Southwest and sells petroleum products to wholesalers.

    Based in El Paso, Texas, Western has benefited from increased oil production in the United States and Canada.

    The company's two refineries are set up to process light, sweet crude, which has been selling at a discount to the heavier stuff used by other refiners.

    As a result, Western's margins have expanded significantly compared with its main rivals.

    The company has also managed to reduce a heavy debt burden related to its 2007 acquisition of Giant Industries, as well as make investments to increase capacity.

    Western should be well positioned to benefit from a potential energy boom in the United States, which is expected to overtake Saudi Arabia as the world's biggest oil producer before 2020.