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8-K - FORM 8-K - Western Refining, Inc. | d78690e8vk.htm |
EXHIBIT 99.1
Investor and Analyst Contact:
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Media Contact: | |
Jeffrey S. Beyersdorfer
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Gary Hanson | |
(915) 534-1400
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(915) 534-1400 |
WESTERN REFINING TO PARTICIPATE IN
UPCOMING CONFERENCES
UPCOMING CONFERENCES
EL PASO, Texas January 4, 2011 Western Refining, Inc. (NYSE:WNR) announced today that Company
management will participate in two upcoming events:
Event: | Thursday, January 6, 2011 |
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Deutsche Bank 2011 US Independent Refining Conference |
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The Hilton Boston Financial District |
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Boston, MA |
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Event: | Wednesday, January 12, 2011 |
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Goldman Sachs 2011 Global Energy Conference |
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The Grand Hyatt |
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Tampa, FL |
The meeting materials will be available beginning January 6, 2011, on the Investor Relations
section of Western Refinings website at www.wnr.com. The materials will be archived and remain
available until January 20, 2011.
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 Phoenix and Tucson, Arizona, Albuquerque, and El Paso, retail
service stations and convenience stores in Arizona, Colorado, and New Mexico, a fleet of crude oil
and finished product truck transports, and wholesale petroleum products operations in Arizona,
California, Colorado, Nevada, New Mexico, Texas, and Utah. More information about the Company is
available at www.wnr.com.
Forward Looking Statement
The meeting materials contain 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, among other things, crude oil slates at our
refineries including our ability to run increased amounts of sour crude at our El Paso refinery,
refined products supply and demand, future refining margins and benchmark crack spreads, our
ability to successfully convert Yorktown facility storage and terminal assets to a terminal and
storage facility and our ability to successfully negotiate third-party terminalling and storage
agreements and/or the sale of the terminal assets at our Yorktown facility, a continued rebound in
operating income for our Wholesale group, continued growth in our Retail groups operating income,
merchandise sales and future organic growth of the Retail group, future operational improvements at
our Gallup refinery, acquisition of logistic assets in the Southwest, future reduction in working
capital, ability to achieve future operating expense / SG&A initiatives, future reductions of our
term loan amount, future asset monetization opportunities, future population growth in the
Southwest, local, growing crude oil production, optimization of regulatory capital expenditures,
and continued reliable and optimized and predictable plant 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.