Introduction
PBF Energy Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The company operates in two segments: Refining segment and Logistics segment. PBF Energy has operations primarily in the Northeast, Midwest, Gulf Coast and West Coast regions. The Company owns and operates more than four facilities that have refining capacity of approximately 1.8 million barrels per day. It also owns three logistics businesses which include terminal and rail operations that support its operations and provide third-party services to other companies. Additionally, the company markets gasoline, diesel fuel and residual fuel oil to a range of commercial customers through its wholly owned subsidiary, PBF Logistics LP (NYSE: PBFX).
PBF Energy Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States.
PBF Energy Inc. is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants and other petroleum products in the United States. The company was founded in 2010 by Thomas O’Malley and Peter Bijur after it signed a long-term agreement with NuStar Energy LP (NYSE:NS) to purchase its refinery in Delaware City (Delaware), which was renamed as Delaware Refining Company LLC.
The refinery started operations in December 2010 with a capacity of approximately 320,000 barrels per day (bpd). In October 2011 NuStar sold PBF its 53% stake for $1 billion; at the same time it sold PBP’s 26% interest back to PBF for $120 million giving both firms a 50-50 split ownership share on 730 miles of pipeline system between Louisiana and New York state that connects 14 terminals where refined fuel products are delivered from the plant site by rail car or truck.[6] In March 2012 PBF acquired an additional 10% shares from affiliates of Angelo Gordon & Co., giving them control over all outstanding interests except for 7% held by Imperial Oil Ltd., Canada’s largest integrated energy company[7]
In September 2013 PBF announced plans to acquire Laurel Mountain Midstream Partners LP from Anadarko Petroleum Corp., allowing both companies access into one another’s assets within Marcellus Shale region where they have been operating since 2007.[8] On November 20th 2014 they closed this deal at final purchase price above $200 million bringing total ownership stake up to 58%.
PBF Energy has operations primarily in the Northeast, Midwest, Gulf Coast and West Coast regions.
PBF Energy has operations primarily in the Northeast, Midwest, Gulf Coast and West Coast regions. The company has its headquarters in New York City. PBF Energy also operates terminals and storage facilities in the United States and Europe.
The Company owns and operates more than four facilities that have refining capacity of approximately 1.8 million barrels per day.
PBF Energy owns and operates more than four facilities that have refining capacity of approximately 1.8 million barrels per day. These refineries are located in the Northeast, Midwest, Gulf Coast and West Coast regions. The Company’s Delaware City Refinery is located on the Delaware River in Delaware City, Delaware; its Paulsboro Refinery is located in Paulsboro, New Jersey; its Bayway Refinery is located on the Arthur Kill in Linden, New Jersey; its Paul Masson Winery (PMW) facility near Napa Valley, California; its Trainer Refinery near Philadelphia International Airport; and its Torrance refinery at Long Beach Harbor in Los Angeles County
It also owns three logistics businesses which include terminal and rail operations that support its operations and provide third-party services to other companies.
PBF Energy is a good investment for the long term. It has proven its ability to adapt to changing market conditions and make strategic decisions to maintain its competitive edge. In addition, it owns three logistics businesses which include terminal and rail operations that support its operations and provide third-party services to other companies. This diversification gives PBF Energy the ability to absorb short-term losses in one segment while not hurting the company’s overall profitability.
Additionally, the company markets gasoline, diesel fuel and residual fuel oil to a range of commercial customers through its wholly owned subsidiary, PBF Logistics LP (NYSE: PBFX).
Additionally, the company markets gasoline, diesel fuel and residual fuel oil to a range of commercial customers through its wholly owned subsidiary, PBF Logistics LP (NYSE: PBFX). The company’s logistics business is also a logistics operation that is dedicated to providing transportation services for crude oil and refined petroleum products.
PBF Energy is a good investment for the long term
PBF Energy is a good investment for the long term because it is a good company. The company has been around since 1998 and has seen many ups and downs during that time. However, it has always come out stronger than before and continues to be a strong competitor in the energy industry. The CEO of PBF Energy is also pretty cool (he used to play football for Notre Dame).
The key thing here is: if you want long-term growth, it’s best not to invest in something like the stock market. Instead, go with something like oil refinery stocks which will give you steady returns over time with minimal risk involved; or if you want even more risk/reward potential then try buying some plastic bags filled with laundry detergent instead since they sell higher volumes than stocks do but at lower profit margins per item sold!
Conclusion
PBF Energy is a good investment for the long term. The company has been able to increase its cash flow and EBITDA in the last few years.
