Looking at the refinery sector right now, one well known Warren Buffett quote springs to mind, "Be fearful when others are greedy and greedy when others are fearful."
I have commented on the value on offer at HollyFrontier Corp (NYSE:HFC) before, but right now the company appears to offer even more value after the stock and indeed the sector as a whole has fallen out of favor with investors due to falling profit margins.
However, looking closely at HollyFrontier Corp (NYSE:HFC)'s Q2 10-Q, it becomes obvious that the company is actually creating value.


