Delek US Holdings, Inc. (DK): A Bull Case Theory

We came across a bullish thesis on Delek US Holdings, Inc. (DK) on Substack by Matt Lindsay. In this article, we will summarize the bulls’ thesis on DK. Delek US Holdings, Inc. (DK)'s share was trading at $17.91 as of 21^st May. DK’s trailing and forward P/E were 4.61 and 20.33 respectively according to Yahoo Finance.

[caption id="attachment_1197238" align="aligncenter" width="768"] Massive storage tanks filled with crude oil and diesel fuels at an oil refinery.[/caption]

Delek (DK) operates in the challenged refining sector, where cyclical margins, high capital intensity, and...