Bullish Case: PBF's strategic shift towards renewable diesel could boost future earnings, reinforced by historical price growth of 195.4% from two years ago [Helium, Helium, Helium].


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Bearish Case: Market uncertainty, decreased stake by Hennessy Advisors, and recent mean-reverting pricing action could signal potential disadvantage for PBF's future [Helium, Helium, Helium].


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Takeaway: PBF Energy's journey seems balanced between growth prospects from renewable energy production strategy and potential setbacks from increased market uncertainty and negative sentiment [Helium, Helium].


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Potential Outcomes:

1. 65% probability: Growth from renewable diesel production and higher market prices boost PBF's earnings and stock price [Helium, Helium]

2. 30% probability: Increased market uncertainty and negative sentiment lead to drop in PBF's stock price [Helium]

3. 5% probability: Lowered stake by Hennessy Advisors and declining gas prices negatively impact PBF [Helium].


November 15, 2023


PBF Energy Forecast

[PBF]  PBF Energy
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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