The King's Bench Market Analysis

• Oil Refining:
• Holly Corporation (NYSE: HOC) - Holly owns refineries in New Mexico and Utah; it sells gasoline, diesel fuel, and jet fuel in Texas, New Mexico, Arizona, Utah, Wyoming, Montana, Idaho, Washington and northern Mexico. The company also manufactures and markets asphalt products from various terminals in Arizona and New Mexico.
• Tesoro Corporation (NYSE: TSO) - The 90-year-old Kirk Kerkorian, with a fortune north of $18 billion, is the seventh-richest person in the U.S., according to Forbes. He tried to buy a 16% stake in Tesoro, only to be spurned by the board. Kerkorian has built a fortune with smart investments in the airline, auto, hotel, casino and movie industries.
• Valero Energy (NYSE: VLO) - Valero is the King Kong of the refining sector. Valero Energy owns and operates 17 refineries in the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.1 million bpd.
• Oil Services:
• Grey Wolf (AMEX: GW): An oil and gas drilling company, Grey Wolf doesn't actually sell the oil it drills. GW provides drilling crews and oil rigs. The day rates it charges declined in late 2007. Besides that, increaesd costs have pressured profits. And this pricing pressure has lead to a surge in short selling of the stock.
• Hercules Offshore (Nasdaq: HERO) - Based in Houston, and operates a fleet of 33 jack-up rigs, 27 barge rigs, 65 lift boats, three submersible rigs, one platform rig and a fleet of marine support vessels. It has operations in 9 different countries on four continents, so it is not just a domestic driller.

Also like to follow this stock, and see if/when it breaks out above $5: OTLC