|Day Low/High||3.57 / 3.87|
|52 Wk Low/High||1.99 / 5.00|
The specialty products producer suspended its dividend and announced a $400 million private placement offering but may still need to borrow more.
Plus, 6 stocks that are showing weakness -- and how to take advantage of it.
I expect to continue an overweight position in my own portfolio throughout 2014.
Stocks that are laggards one year can be market outperformers the next.
A rise in the gasoline and CLMT's products would be beneficial.
The Bakken energy expansion is helping to keep energy prices low.
I am planning to increase my exposure in the sector if it sheds another 5% to 10%.
Calumet is a well-managed refiner, and a recent pullback offers an entry point.
Let's look at some names that have been resisting the recent market correction.
Energy MLPs APL and CLMT look like good yield plays in this 1.5% environment.