The Sell-Off in Refiners is a Buying Opportunity for Long-Term Investors

Paul Cheng, an analyst at Barclays, believes that refiners are fundamentally cheap for long-term investors based on positive macro trends. Cheng cited that the EPA's new gasoline proposal is "not as bad as it seems," and also notes that the Brent/WTI spread will likely widen. Over the last several trading sessions