February 27th, 2007
FTO: Frontier Oil Earnings
Large Cap Watch List (Track at Marketocracy) member Frontier Oil reported Fourth Quarter Earnings: Financial News – Yahoo! Finance:
Frontier Oil Corporation (FTO) today announced quarterly net income of $52.4 million, or $0.47 per diluted share for the quarter ended December 31, 2006, compared to net income of $63.0 million or $0.55 per diluted share, for the quarter ended December 31, 2005.
The results were well shy of consensus estimates for $0.55. Cost overruns for refinery improvements were the main culprit.
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You mean “FTO”. “FRO” are tankers.
On FTO, why them and not VLO? I am not a fan of refiners right now, but I like the latter in the abstract.
Oops. Thanks.
As to FTO vs VLO, I have nothing against the latter. I am also not an expert in the group. The Watch Lists are meant to offer at least a general exposure to each market sector, so when picking the I ended up with some names where one just “looked better” in terms of fundamental measures.