News / Finance
WFWS - NYSE- Afternoon Losers - CVR ENERGY INC,CVI - Western Refining Inc,WNR - VANCEINFO TECH ADS,VIT
CVR Energy, Inc. - Western Refining Inc - VANCEINFO TECH ADS
CVR ENERGY INC,CVI
Oil price momentum may be waning this week after huge growth during the past few months. Many believe futures traders are selling contracts, trying to lock-in gains from the recent rally.
CVR Energy, Inc., together with its subsidiaries, refines and markets transportation fuels in the United States. The company also produces and markets nitrogen fertilizer products. It operates through two segments, Petroleum and Nitrogen Fertilizer. The Petroleum segment owns and operates a coking medium-sour oil refinery in southeast Kansas; a crude oil gathering system serving central Kansas, northern Oklahoma, western Missouri, eastern Colorado, and southwestern Nebraska; and terminal facilities for asphalt and refined fuels in Phillipsburg, Kansas, as well as owns a 145,000 barrels per day proprietary pipeline system that transports crude oil from Caney and Kansas to its refinery.
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Western Refining Inc,WNR
Shares of refining companies tumbled on Wednesday, after refiners warned of bleak second-quarter results and signaled financing troubles by offering millions in common stock and senior notes.
The sector reversed gains from last week's rally, despite news that utilization rose more than expected. The Energy Department's Energy Information Administration on Wednesday reported that U.S. refineries ran at 86.3 percent of total capacity on average, an increase of 1.2 percent from the prior week. Analysts expected capacity to rise to 85.7 percent.
Western Refining, Inc., through its subsidiaries, operates as an independent crude oil refiner and marketer of refined products in Texas, Arizona, New Mexico, Utah, Colorado, and the Mid-Atlantic region. The company operates in three groups: Refining group, Retail group, and Wholesale group. The Refining group operates the four refineries and related refined products terminals, and asphalt terminals.
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VANCEINFO TECH ADS,VIT
PERIOD ENDING 31-Dec-08 31-Dec-07 31-Dec-06
Total Revenue 102,663 62,714 29,051
Cost of Revenue 62,911 38,544 17,961
VanceInfo Technologies Inc., through its subsidiaries, engages in the provision of information technology (IT) services. The company offers research and development services for various phases of development, from requirements analysis, concept generation, and product realization, to quality assurance and testing, and technology and information transfer; and enterprise solutions, which include packaged evaluation and selection; packaged implementation; customization; regional rollout; enhancement, maintenance, and product support; version upgrades; and business intelligence/data warehouse. It designs, develops, and implements software solutions to meet various client requirements, as well as provides maintenance services for software systems.
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