PBF Energy Inc (PBF) Options

Another big dump by Carlos Slim.

Carlos Slim pulling out of PBF?
Looks like it.

another pop riding the rest gl,

Yep should get nice pop especially is west ban Russia oil the profit taking

Potential of 30.00+ > Oil stocks sector in play Monday. I am holding
Crude futures going up tomorrow.

West Texas Intermediate (WTI) crude rose $10.83, or 9.4%, to $126.51, putting both contracts on track for their highest daily percentage gains since May 2020.

In the first few minutes of trade on Sunday, both benchmarks rose to their highest since July 2008 with Brent at $139.13 a barrel and WTI at $130.50.

The need for fossil fuels during the multi-decade energy transition and the current environment of underinvestment point to an opportunity for investors right now, even though energy stocks have already risen so much.

Earnings this week.
Will we break out?

My all time favorite company

This will be the last bad quarter.
COVID-19 will start to fade just in time for Summer Driving season.
PBF is going to shake the dust off and watch the PPS head back to $30.
Ask Carlos Slim.

$PBF in $9.90

6.88 U.S. refining shares soar on vaccine news, hopes for renewed fuel demand
https://www.reuters.com/article/usa-refiners-demand-shares/u-s-refining-shares-soar-on-vaccine-news-hopes-for-renewed-fuel-demand-idUSL1N2HV26E

https://www.pbfenergy.com/

Hopefully it tanks

Key My Ass just got laid off!! But hell I hope the stock climbs I need my money back!!! 10 years down the drain

EFY

So do you see this running anytime soon?
Tia

PBF

Amended Statement of Ownership (sc 13g/a)

Source: Edgar (US Regulatory)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G


Under the Securities Exchange Act of 1934
(Amendment No. 01)*

PBF ENERGY INC.
(Name of Issuer)

Common Stock par value $.001
(Title of Class of Securities)

69318G106
(CUSIP Number)

May 29, 2020
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

o Rule 13d-1(c)

o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).





CUSIP No. 69318G106


1 NAMES OF REPORTING PERSONS

I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
JPMORGAN CHASE & CO.

13-2624428

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)



(a) o
(b) o

3 SEC USE ONLY



4 CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER

2,481,389

6 SHARED VOTING POWER

0

7 SOLE DISPOSITIVE POWER

2,502,532

8 SHARED DISPOSITIVE POWER

0

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

2,502,947

10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

o

11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.0 %

12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

HC


FOOTNOTES






Item 1.



(a)
Name of Issuer


PBF ENERGY INC.



(b)
Address of Issuer’s Principal Executive Offices


One Sylvan Way, Second Floor
Parsippany, New Jersey 07054


Item 2.



(a)
Name of Person Filing


JPMORGAN CHASE & CO.



(b)
Address of Principal Business Office or, if none, Residence


383 Madison Avenue
New York, NY 10179



(c)
Citizenship


Delaware



(d)
Title of Class of Securities


Common Stock par value $.001



(e)
CUSIP Number


69318G106



Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:



(a)
o
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).



(b)
o
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).



(c)
o
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).



(d)
o
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).



(e)
o
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);



(f)
o
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);



(g)
x
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);



(h)
o
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);



(i)
o
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);



(j)
o
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).



(k)
o
A group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:







Item 4.
Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.



(a)
Amount beneficially owned: 2,502,947



(b)
Percent of class: 2.0 %



(c)
Number of shares as to which the person has:



(i)
Sole power to vote or to direct the vote: 2,481,389



(ii)
Shared power to vote or to direct the vote: 0



(iii)
Sole power to dispose or to direct the disposition of: 2,502,532



(iv)
Shared power to dispose or to direct the disposition of: 0


Item 5.
Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x .



Item 6.
Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable

Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

J.P. Morgan Investment Management Inc.
JPMorgan Chase Bank, National Association
JPMorgan Asset Management (UK) Limited
J.P. Morgan Trust Company of Delaware
J.P. Morgan Securities LLC

Item 8.
Identification and Classification of Members of the Group

Not Applicable

Item 9.
Notice of Dissolution of Group

Not Applicable






Item 10.
Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.




SIGNATURE


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


JPMORGAN CHASE & CO.



Date: June 05, 2020
By:
/s/ Michael T. Lees
Name: Michael T. Lees
Title: Executive Director


Footnotes:


Attention:
Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

https://www.tradingview.com/x/M4meDBpR/

https://www.wfmz.com/news/pr_newswire/pr_newswire_business/pbf-logistics-declares-quarterly-distribution-of-0-30-per-unit-and-announces-first-quarter-2020/article_446734b8-da6b-5dc9-b549-215dd61a7825.html

https://theolympiareport.com/2020/05/20/pbf-energy-nysepbf-pt-raised-to-18-00.html

Price target upgrade

https://www.prnewswire.com/news-releases/pbf-energy-announces-intention-to-offer-1-000-0-million-of-senior-secured-notes-301054882.html

Must be this December for sure.

k ~ 9.39

6.52 NEWS


Air Products Signs Agreements to Acquire Five Operating Hydrogen Plants for $530 Million and Long-Term Hydrogen Supply to PBF Energy
7:00 AM ET 3/30/20 | PR Newswire



Asset Acquisitions in California and Delaware Add Nearly 300 Million Standard Cubic Feet Per Day of Hydrogen Production Capacity;

LEHIGH VALLEY, Pa., March 30, 2020 /PRNewswire/ -- Air Products (NYSE: APD) today announced it has signed agreements with PBF Energy Inc. (NYSE: PBF) that include the $530 million purchase of five hydrogen steam methane reformer (SMR) hydrogen production plants and the long-term supply of hydrogen from those already operating plants to PBF refineries. The SMRs, with a combined nearly 300 million standard cubic feet per day of production capacity, are located in Torrance and Martinez, California and Delaware City, Delaware. The deal is targeted to close during the third quarter of Air Products' 2020 fiscal year.

"Air Products has a very strong balance sheet. This puts us in an outstanding financial position to execute our strategy of investing in long-term onsite deals, which includes asset acquisitions like the one we are announcing today. With this acquisition, not only do we gain five SMR plants, but we also secure a long-term hydrogen sale of gas agreement with an existing customer who is one of the largest independent refiners in North America," said Seifi Ghasemi, Chairman, President and Chief Executive Officer at Air Products.

PBF Energy Chairman and Chief Executive Officer Thomas Nimbley said, "PBF is excited about expanding our long-standing relationship with Air Products. We are pleased to partner with a global leader in the industrial gas business and ensuring that our facilities continue to be supplied by a premier provider."

Air Products is known as a leader in the supply of hydrogen to refineries in order to make cleaner burning transportation fuels. Hydrogen is widely used in petroleum refining processes to remove impurities found in crude oil such as sulphur, olefins and aromatics to meet product fuels specifications. Removing these components allows gasoline and diesel to burn cleaner and thus makes hydrogen a critical component in the production of cleaner fuels needed by modern, efficient internal combustion engines.

The company also operates one of the most successful carbon capture projects in the world in Port Arthur, Texas, where the captured carbon dioxide (CO(2) ) is injected into the ground and used for enhanced oil recovery in the state. Since 2013, Air Products has captured nearly 10 million tons of CO(2) at Port Arthur that has been put to beneficial use.

Air Products currently operates 12 industrial gas facilities in California, which includes five hydrogen production plants. The hydrogen from these plants is used in the making of ultra-low sulphur transportation fuels (gasoline, diesel and jet). Air Products also supplies hydrogen for fueling and fueling infrastructure in California to support the growing fleet of hydrogen fuel cell electric vehicles.

The SMR being purchased in Delaware City would be Air Products' first major asset operating in Delaware.









https://investors.pbfenergy.com/news/2020

Me either, but I bought the dip.

Oil rallies and this one takes a 10% dump?

The shorts are in control here. Would love to see it break $23.00 and the $23.30 resistance that was created.

With the sector moving, might see a nice reversal.

(I don't see why it should have dropped 10% today.)

The biggest competitor to PBF in the Philadelphia market is shut down and closing their refinery.
The next earnings report should reflect this.

Why didn’t that happen?

My prediction 60$ December

PBF Energy setting records all year. I love this company!

PBF energy is my personal favorite!!

PBF Energy downgraded by Barclays today to Underweight. High uncertainty but fundamentals show over 20% downside: analysis

PBF Energy (PBF +0.6%) late yesterday said it completed the repair and restart of its 82K bbl/day Delaware City refining unit that had been crippled by fire Aug. 21.

The breakdown and loss of a major air compressor system in the plant’s catalytic cracking unit reportedly idled the system for weeks, prompting operation of some plant systems at reduced rates.

Full details and the cost and cause of the incident have not been made public, but PBF cuts 10K bbl/day off its projected Q3 production range for its east coast refining plants, which include both the Delaware City and Paulsboro, N.J., refineries, to 300K-320K bbl/day.

A key gasoline-making unit at PBF Energy’s (PBF -6%) 182K bbl/day Delaware City refinery reportedly is expected to be shut down for at least a month, and possibly much longer, after an explosion and fire on Friday.

PBF Energy (NYSE:PBF): Q2 EPS of $0.88 misses by $0.06.

Revenue of $3.55B (-33.0% Y/Y) beats by $280M.

PBF Energy (PBF +16.5%) agrees to acquire Chalmette Refining, a joint venture between Exxon Mobil (XOM +1.2%) and Venezuela's PDVSA consisting of the 189K bbl/day Chalmette Refinery in Louisiana and related logistics assets, for $322M.

Someone is buying...Seth Klarman owns this as well...