CRAK: Technical Damage Among The Refiners Amid A Compelling Valuation (NYSEARCA:CRAK)
· seekingalpha.com
CRAK's portfolio is value-oriented with 66% exposure to non-US refiners, trading at a P/E below 10x. Read why CRAK ETF is a Hold.
The refiners were a hot trade as the conflict in Iran progressed. WTI and Brent crude oil prices surged, while supply was choked off. Companies tasked with proc...