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8-K - FORM 8-K - Western Refining, Inc. | d85602e8vk.htm |
EXHIBIT 99.1
Investor and Analyst Contact: | Media Contact: | |
Jeffrey S. Beyersdorfer | Gary Hanson | |
(915) 534-1530 | (915) 534-1535 |
WESTERN REFINING TO PARTICIPATE IN INVESTOR MEETINGS
EL PASO, Texas November 9, 2011 Western Refining, Inc. (NYSE:WNR) announced today that Company
management will be conducting one-on-one investor meetings hosted by CRT Capital Group, LLC on
November 9-10, 2011. The meeting materials will be available beginning Wednesday, November 9,
2011, on the Investor Relations section of Western Refinings
website at www.wnr.com. The
presentation will be archived and remain available on
www.wnr.com until February 28, 2012.
About Western Refining
Western Refining, Inc. is an independent refining and marketing company headquartered in El Paso,
Texas. Western operates refineries in El Paso, and Gallup, New Mexico. Westerns asset portfolio
also includes refined products terminals in Albuquerque and Bloomfield, New Mexico and Yorktown,
Virginia, asphalt terminals in Albuquerque, El Paso, and Phoenix and Tucson, Arizona, retail
service stations and convenience stores in Arizona, Colorado, New Mexico, and Texas, a fleet of
crude oil and finished product truck transports, and wholesale petroleum products operations in
Arizona, California, Colorado, Maryland, Nevada, New Mexico, Texas, Utah, and Virginia. More
information about the Company is available at www.wnr.com.
Forward Looking Statement
The presentation referenced in this release contains forward-looking statements which are
protected as forward looking statements under the Private Litigation Securities Reform Act of 1995.
The forward-looking statements contained herein include statements about future: crude oil slates
and capacities at our refineries; refined products supply and demand; refining, benchmark, gross
and operating margins; crack spreads; local and domestic crude oil production growth; Canadian
crude imports; discounts of WTI priced crude oil to Brent priced crude oil; pipeline and logistics
infrastructure in the Southwest, mid-continent, Gulf Coast and other regions; profitability of
crack spread hedging and the gains or losses associated therewith; our ability to successfully
convert Yorktown to a terminal and storage operating model, enhancement and maximization of
Yorktowns storage and terminal facility, our ability to successfully negotiate third-party
terminalling and storage services agreements and/or the sale of the terminal assets at Yorktown,
our ability to achieve consistent EBITDA at Yorktown or our ability to resume refining operations
at Yorktown; continued Wholesale customer relationships; ability of our Retail group to continue to
sell most of our Four Corners production, merchandise sales growth and future growth of the Retail
group with minimal capex; our ability to capitalize on Permian Basin crude opportunities; future
operational improvements at our Gallup refinery; acquisition of additional refining or other
assets; our ability to recognize strategic alternatives for logistics assets; our ability to
achieve operating expense / SG&A initiatives; inventory target levels; future reduction in working
capital; our ability to utilize free cash flow to delever or to maximize liquidity; our ability to
achieve a BB credit rating in mid-cycle margin environment, or at all; and continued reliable,
safe, optimized and predictable refining operations. These statements are subject to the general
risks inherent in our business. Our expectations may or may not be realized. Some of our
expectations may be based upon assumptions or judgments that
prove to be incorrect. In addition, Westerns business and operations involve numerous risks and
uncertainties, many of which are beyond Westerns control, which could materially affect Westerns
financial condition, results of operations and cash flows. Additional information relating to the
uncertainties affecting Westerns business is contained in its filings with the Securities and
Exchange Commission to which you are referred. The forward-looking statements are only as of the
date made, and Western does not undertake any obligation to (and expressly disclaims any obligation
to) update any forward looking statements to reflect events or circumstances after the date such
statements were made, or to reflect the occurrence of unanticipated events.