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Investors in $DKNG #NFTs are Uniting to Fight Losses🥊
Kan nogen hjælpe mig med finde ud hvilken der er forkert #investor #DK
Ray Dalio: ‘Ridiculously stupid’ economic policies have the U.S. hurtling toward a ‘perfect storm’ of economic pain
DraftKings and ESPN Close to Signing Exclusive Partnership
I have a question on companies like FanDuel and DraftKings
$DKNG - Jason Robins, Twitter Burners, And A New School In Pakistan
I Guess I suck at this. E.A.D. Auto. Don’t for get the NFL season is stating and DK did pretty well last year at this time. Pretty easy way to make a little cash. Almost as easy as my mom.
Exchange offer for ORPHAZYME A/S SPON
Why DraftKings Is Embedding Its Brand in Original Rap Songs - $DKNG
GME to provide a gaming platform like DraftKings but for Stonks not Sports.
HP Laptop 14-DK0072NR - Ryzen 5 3500U, 1TB NVMe SSD, 32GB RAM, AX200 Wifi 6 | eBay
SHEN (DD) - $18.75/Share Special Dividend From Undervalue Company
SHEN (DD) - Free Tendies - 18.75$/Share Special Divi From Undervalued Company
Shalom Meckenzie sells 660,000 $DKNG shares one day before Hindenburg report
The surging EV section | The logic behind the rise of 04/21 | ArkInvest substantially adjusted its positions
Analysis Report Wikisoft Corp. Ticker: (WSFT)
Analysis Report Wikisoft Corp. Ticker: (WSFT)
Wikisoft Corp Technical Analysis (WSFT:US)
$GME Comparing Tweets Using Technical Indicators. W%R, DMI, MACD based.
Mentions
From the latest BPGC 10-K/A, filed last week: "[The Company’s securities have been delisted from the NYSE](https://www.sec.gov//Archives/edgar/data/1841610/000118518526000047/bpgcacq10ka1010626.htm#:~:text=approval%20for%20business%20or%20other%20reasons.-,The%20Company%E2%80%99s%20securities%20have%20been%20delisted%20from%20the%20NYSE.,-The%20Company%20does%20not%20expect%20to). The Company does not expect to be able to re-list its securities for trading on any other national securities exchange at this time. As of the date of this Annual Report, the Company’s securities are not quoted on an over-the-counter market. The Company and its shareholders will face significant material adverse consequences as a result of the Company’s securities not being listed on a national securities exchange. Such material adverse consequences are exacerbated, and liquidity in the Company’s securities is severely limited, because the Company’s securities are not quoted on an over-the-counter market. See “Item 1A. Risk Factors—The Company’s securities have been delisted from the NYSE. As of the date of this Annual Report, the Company’s securities are not quoted on an over-the-counter market. The Company and its shareholders face significant, material adverse consequences as a result of the Company’s continued delisting.” As noted above, **our securities are not currently listed on NYSE, Nasdaq or another national securities exchange and are not expected to be so listed prior to the time we consummate the Proposed Business Combination or another Initial Business Combination, if at all. "** **"**We intend to seek shareholder approval in connection with the Proposed Business Combination. As our Sponsor owns 98.2% of our ordinary shares, we will obtain shareholder approval of the Proposed Business Combination, or any other Initial Business Combination, regardless of how Public Shareholders vote." "**We will not apply to quote our securities on an over-the-counter market until we have filed all reports required to be filed with the SEC and we will not apply to relist our securities on a national securities exchange until we have completed the Proposed Business Combination** or another Initial Business Combination, if at all. [This Comprehensive Form 10-K is being filed in an effort for us to become current in our filing obligations under the Exchange Act](https://www.sec.gov//Archives/edgar/data/1841610/000118518526000047/bpgcacq10ka1010626.htm#:~:text=This%20Comprehensive%20Form%2010%2DK%20is%20being%20filed%20in%20an%20effort%20for%20us%20to%20become%20current%20in%20our%20filing%20obligations). **There can be no assurance that we will be able to obtain listing of our securities on a national securities exchange. We may decide it is not in our stockholders’ best interests to apply for a listing on a national securities exchange once we become current with our SEC reporting requirements.**" "[As described above, the Company has entered into the Merger Agreement](https://www.sec.gov//Archives/edgar/data/1841610/000118518526000047/bpgcacq10ka1010626.htm#:~:text=As%20described%20above%2C%20the%20Company%20has%20entered%20into%20the%20Merger%20Agreement) with iRocket. **In connection with the closing of the contemplated transaction, the parties expect to apply to list iRocket on Nasdaq**. " So ... maybe ? Sounds like BPGC ***might*** decide to list the stock and warrants on the OTC market, after they get all the SEC filings up to date, but say they might not. That could happen before the business combination closes, And they say they "expect" to apply to list on NASDAQ, if the business combination completes.
 estimated 10 days for the short to cover = **10**
DK Butterfly is the name of the entity that was DBA Bed, Bath and Beyond. Today, DK Butterfly is registered to conduct various types of business. I received notice from the New York courts of my stock position at the time of bankruptcy. Stocks don't 'disappear', they become worthless, such as Sears stock. That didn't happen with BBBYQ. Every share simply vanished. My hopium remains strong for an 11th inning play at the plate.
Guys....this is the DK special. Low volume pump on shares with no news, lock in 15% gain, write covered calls against the pump, dump shares and then post a newsletter about how maybe cannabis isn't the trade of the quarter yet.
Cue DK... Now you can go where people are one Now you can go where they get things done What you need, my son What you need, my son Is a holiday in Cambodia Where people dress in black Need a holiday in Cambodia Where you'll kiss ass or crack...
That's a very simple bet, id assume the payout is tiny compared to wager? Is using RH to sports bet any better than DK/FD? I was getting into investing to get away from it.
Fuck. Finally saw the video 9n DK Metcalf. He got suspended 2 games for that???? Utter bullshit
Best of luck TSLA BULLS [Tesla Broadcasts Downbeat Sales Estimates In Unusual Move](https://www.bloomberg.com/news/articles/2025-12-30/tesla-tsla-compiles-downbeat-average-estimates-for-its-vehicle-sales?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc2NzEyNjU4NSwiZXhwIjoxNzY3NzMxMzg1LCJhcnRpY2xlSWQiOiJUODJQRTdLSzNOWTkwMCIsImJjb25uZWN0SWQiOiIyODEwRTI4NDA4QkE0NTdBOTBERDFGRjU4QjhCN0Y4RiJ9.5sOgN4dbwCK-4hmAoCYo6cfIKZbXT0eeRqe3DK9BciE)
DK Metcalf one game suspension likely outcome??
People say that with such confidence because it's "technically" true due to these pieces of shit being on the OTC market. People like DK probably still fit the description of what "retail" is.
My sincerest wish is that DK miss-timed jumping back in for his cyclical pumping-n-dumping and is on the sidelines for this one
Should have started betting against DK the second it turned out Cathie Wood was buying massive amounts of their stock.
DK Clan we are not done. Now that the true WR1 in Pittsburgh has made his presence known the WR3 DK Metcalf will no longer be double covered!
I glanced through these post not sure if anyone mentioned it but DK bought Railbird Exchange and should be able to compete in PMs no problem.
Shorting this $DK..its aoil refiner and it can go green like $VLO $MPC
I could see it. DK Metcalf is 6'4 229. Obviously a different age, body type, body fat %, height, weight, level of conditioning, but ballparking it this is within a hundred or so lbs and 5 inches, give or take.
DK is launching predictions app in nearest future
K well for now, the liquidity / spreads on prediction markets are pretty shite. You seem to believe that will drastically improve to the point of beating the spreads on DK... why? Who is going to make those markets?
Yeah I still can't believe these prediction markets haven't felt the long dick of the regulators yet. I guess the administration has a more hands off approach and it sounds like the Trump family is knee deep in the industry so it makes sense. But Trump isn't forever and prediction markets are basically gambling on steroids so I think a lot of people can see what's coming over the horizon. Also, there are still markets for DraftKings. I'm in Canada and DK is only legal in one province with rumours of another coming early 2026. Canada isn't a massive market but you can't ignore provinces of several million people coming online over the coming years.
Yea that’s how u know that dude is a total noob when it comes to degen gamblings and ripping parlays. “Would take a 500 bonus for me to switch back to DK for my moneylines!”
I don’t see how that will change anything. Penn used to have the ESPN name under its ‘ESPN BET’ and recently changed its name to ‘theScore Bet’ point is I doubt it will help DK much.
The userbase isn’t sticky. They’ll whore there mom out for some bullshit $100 credit. Id like to if the Mouse used lube or if they rawdogged DK
99% of DK’s audience doesn’t care. They’re not doing the math. It’s not about an edge. It’s vibes… just like 99% of this subreddit. Besides, if you’re good enough to find an edge, they don’t want you there.
Can't even look at certain NBA courts without seeing FD and DK logos. It has leached into every possible advertising medium.
I sold DK yesterday when I saw how many gambling sites appeared in Missouri (12/01 became legal) that’s a lot of competition for the Degen dollar.
I'd be surprised, you forget that DK has a massive customer database built up from their DFS platform before they got into sportsbetting. I'd imagine they've worked out what percentage of customers they expect to convert once they roll out their own prediction markets. I think DK is going to prove to be pretty sticky.
As a layman, it will definitely shrink their margins. The benefits that Draftkings has going for it is they have first mover advantage as seemingly every male under 40 already has the DK app on their phone. Anecdotally, I currently use both DK and Kalshi. I prefer DK because I have a hard time converting the bet’s odds in my head from Kalshi. I would be more concerned about potential new legislation changing how/who can bet. The whole Chauncey Billups ordeal is a big black eye for the industry.
Some pension funds in DK hold a significant % of Novo though
The stock price means fuk all to DK. It’s their sales and taxes - which are both pretty fine. Most oversold stock on the market.
215lb to be accurate. For reference, this is DK Metcalf, 6'3 for 229lb: [https://talksport.com/wp-content/uploads/sites/5/2025/02/dk2.jpg?strip=all&w=816](https://talksport.com/wp-content/uploads/sites/5/2025/02/dk2.jpg?strip=all&w=816)
Energy Drinks and Retro Gaming. Who needs Jack Daniels and Misty Blues when you have a White Monster and DK 64?
Yes. They sold their good buddy DK a million shares.
Not your finest take 😂. This is the best year for video games maybe ever. To name a few: Expedition 33, DK Bananza, Silksong, Hades 2, Split Fiction, Blue Prince, Ghost of Yotei, Kingdom Come Deliverance 2, Death Stranding 2, ARC Raiders, Dispatch. The list goes on and on
Why does vybz kartel look like he’s gone DK mode
https://youtu.be/FTnNGGP9vCw?si=qXUfzXXQDm_5DK8G
Anyone else keeping an eye on DK? Up over 100% in 3 months
Wait for DK to come out with his tweet confirming his new position in MSOS..\s
1. yeah the discrepancies are how you can arb. no other way to do it 2. i look at all the major sites dozen + in total like Fanduel, DK, Caesars, etc... but also some offshore books like bookmaker. are you in ontario?? theres tons and tons of books there and no taxes on winnings
Just play Q3 earnings. I played OSS and SD and HAE, although I put way less in HAE because stupid AI pushed me to SD more. Look at industries doing well, energy is a great earnings to bet on. I bet on DK today and they blew earnings out of the water.
Interesting how people don't think that Draft Kings can't create a Polymarket competitor...or that they aren't currently working on one. I agree, Draft Kings is great, and it has only gotten better overtime. I remember in the early days they leaned on washed up baseball players to promote it, but now they have so many great partnerships. I use DK multiple times a week and it has the best app and best user experience of them all for sure. I've tried most of them too since they all have great sign up offers. Just hold. Sports betting isn't going anywhere and neither is draft kings.
I learned about options and haven't touched DK ever since
Do you use DK regularly? Was wondering if you could expand more on why someone uses it over polymarket? For example, is there a wider variety of bets? Different odds? Are parlays better? Etc
I bought in a couple weeks ago and bought more this morning! DK WILL BE UP BIG
Bro my state doesn't allow gambling like DK/Fanduel but I bet can on Kalashi. That's a hard pass from me.
Everyone is riffing on OP here but there is plenty to like. DK has: * Increased TTM revenue in every quarter that they have reported earnings. * Increased TTM gross profit every quarter that they have reported earnings except for one in 2022. * High 30s gross margin. * Net income and EPS increasing for years and on the verge of positive. * First quarter with positive EBITDA. * Double digit CAGR projected for sports gambling through 2030. With how gambling is taking over sports it feels almost irresponsible to not have exposure to it. Currently I have GENI as much of my exposure but might open a small position in DK. Prediction markets are a concern but it does seem to be on the verge of printing cash.
I beat DK Bananza yesterday. Great ending. Calls!
I maintain my view that $HOOD is the number one threat to DK. Casuals are already on hood buying stocks, whats stopping them from throwing $20 on a football game
DK is more in trouble from prediction markets than this, these leagues aren't going to cut off the money spigot (DK bought a prediction market recently and will be trying to enter the space)
For one, they make far better games lmao. Ubisoft has released dumpster fire after dumpster fire, go look at reviews for the latest DK game, Mario Galaxy games, Zelda games, I could go on.
I agree. Been buying more every dip. My thought is either we see more regulation on Kashi and whatnot that allow event “trading” in states that don’t have gambling legalized. Or DK finds a way into event “trading” as well in those markets. Either way I fully agree most of the hype regarding prediction markets is short term. However, the spreads are better on prediction markets than DK’s. DK needs to figure out a solution to this to solve the other half of why prediction markets are beating them out at the moment.
Jeff Bezo’s single yacht causes the equivalent pollution DK about 450 average Americans. 1400 people by global standards.
All my options gambles busted today My only hope is Battle of the Uncles game tonight What’s the winning lineup on DK showdown? Anyone?
So DK is out now, or will he time his tweet for tomorrow's close below 5?
Considerable sell volume using DK's pump as exit liquidity. Traders calling in their gains, as expected. Again, this is a nothingburger and I wouldn't be surprised if MSOS still close under $5 by OPEX expiry.
https://www.tradingview.com/script/aU9DK0Hr-%F0%9D%9A%BD-1POINT6-SCALPER-QuantPro-%F0%9D%9A%BF/ Works perfectly every time (I use it for swing trading) It also works for Intra day
One more that works awesome: https://www.tradingview.com/script/aU9DK0Hr-%F0%9D%9A%BD-1POINT6-SCALPER-QuantPro-%F0%9D%9A%BF/ Works perfectly every time (I use it for swing trading) It also works for Intra day
Thats rough, the hood prediction stuff is absurd how they can run that shit in all 50 states and DK has to lobny relentlessly. However dont give up i was down on Clov at one point close to 300k years ago and ended up om top 200k
as someone working in the industry on business and operational level, I can safely say - DK will be profitable this Q. They have massively slashed reinvestment, lower than expected number of favorites have hit, they are lined up for a positive eps
as someone working in the industry on business and operational level, I can safely say - DK will be profitable this Q. They have massively slashed reinvestment, lower than expected number of favorites have hit, they are lined up for a positive eps
as someone working in the industry on business and operational level, I can safely say - DK will be profitable this Q. They have massively slashed reinvestment, lower than expected number of favorites have hit, they are lined up for a positive eps
Yeah I just did it this year and pulled a cool 300 off of DK, 365 and MGM, doing the promo with a friend helps too. Also good for making sure you delete with your friend so you can both just take the cash out.
Fanatics sportsbook, DK, Fanduel, bet365 just recently did 5 for 300 free bets, betmgm, Caesars, espnbet.. I've gotten all of them lol
Prize picks could double revenue and it wouldn't even be seen on DK's end. they own the market and with revenues up 200-300 million per quarter, this stock is highly undervalued
Exactly! Revenue grew 30% yoy in 2020, and the stock jumped 6x... 2025 revenue grew 30% and the stock is down almost flat, 6% down. Poly market has given some competition, but DK still top boss when it comes to sports betting.
He said become rich.. in my case it’s becoming poor because I get destroyed every time I bet on DK.
Look into the app 'Novig'. They often hab)ve better odds than Robinhood (and dont send you tax forms on winnings). Its peer to peer, so better spreads than FD/DK. They are in most, but not all states.
FanDual and DK have both been rumored to be dipping their toes into prediction markets. I have a hard time believing this is going to be a long term play, there’s going to be a fuckton of lobbyist money and state governments flipping the fuck out if this continues to make inroads. You’ve just lowered the age limit, threw any and all responsible gaming limits out the window and started fucking with state gambling taxes.
I mean, DK is doing in ~10 years what casinos took decades to only eek out a few states with legal gambling. They are building and scaling, and if doing their job to eat the lunch of anyone who would be competing with them or buying them up as they scale, they should be well positions for when they're the market dominant player and can ~~rug pull customers~~ "prioritize investor returns while continuing to deliver excellent gaming experiences", e.g. turn on the oven as many tech companie have done in the last 3-5 years. Tech took 20 years to build the walls, fill the moat and load teh cannons and most people took no notice assuming services would be free and helpful forever. VC came for its pound of flesh. Anyway, yeah I've not yet given up on DKNG but hope to see some margins and performance in established states start to improve their financials. They're still scaling, think they're in about 30 states now with a few new states added last year by voters through ballot measures. It may be another 5 years before they're in all the states that are going to let them in. Trump could also say "I used to ruin casinos, I like them, gambling is fully legal now in all states" and issue an EO with no authority that then puts DKNG on a tear to end all tears. RH or someone with more effective management could probably make a big difference.
Meanwhile my Draftkings stock from 2020-2021 is still basically flat as a co-leader of the entire sports betting industry. Hearing about RH's expansion into betting has me thinking they're either going to eat DK(and Flutter?)'s lunch or frigging buy them. They're selling to two sides of the same audience. One of them has gone almost nowhere while scaling.
My QQQ holding in Euro value has only just reached the same level as January. The Gold ETC has outpaced it. The biggest run in history seems like a large illusion to me, only visible in Dollar value ( or any currency pegged to dollars ). If you hold Swiss Franks, Euro, DK, SK etc. Basically nothing happened all year, except for the V shape. I am only up because I kept buying on the way down and on the way up (DCA my usual amount). But not by all that much. No boatloads of cash available to by dips. Just whatever if left of my paycheck.
>I disabled both Robinhood accounts, FanDuel, DK and BetMGM. My gambling days are over and long overdue for being over. Good luck boys and godspeed. Literally you, a week ago. 2 days later, you opened a new account... and now you are back here. Smh...
https://preview.redd.it/x3cihpxufepf1.jpeg?width=1170&format=pjpg&auto=webp&s=68a9971f68c471395defc2a44fa1faad00569433 Did the same thing for Bills Ravens when it was 15 point game and a full quarter left. Somewhere between 3500-5000 contracts. Normally I would use FanDuel/DK but I was in the process of switching primary brokerage from fidelity. If/when rumors start don’t forget to sell a bit to cover your cost basis. Makes the rest of the ride better. I did sell all but 500 before the field goal for 95-97. I guess the equivalent in your case is when he’s walking to the podium. Never know who’s pissed their car payment is high with the way things are going. Then someone will get slipped in there real quick dropping it to 0.5%. Go bills, good luck.
Run on hype- sell off-retail bag holds- retail complains- retail begins to be delusional as to why they should hold bags- hopium- repeat. Id be doing the same thing if I was DK. This is truly dumb money lol. “This is a generational opportunity” meanwhile y’all missed and are still missing a generational bull market in the broader sector.
Turn based games are shit so definitely DK.
U are smart? https://gomining.com/?ref=DK6BC .100% passive, you can start small and create an empire..u can earn even more if u can or want .. thank me later
I disabled both Robinhood accounts, FanDuel, DK and BetMGM. My gambling days are over and long overdue for being over. Good luck boys and godspeed.
I've thought about it for longer than a second. The stock prices would be higher if it was true that the insiders (anyone from TDR, tyson, abbott, DK, AV, scotts CEO, Cole, Bondi, Gaetz, Kovler, Kim, boris, roger stone, bruce levelle, chartman dan, advisorshares leadership, many\_easy, geologic, banana, noob, Cmdr, rest of the OGs, etc,etc,etc) had knowledge of something positive coming about cannabis legislation.
Yeah I had to put together a few long football parlays on fanduel. Some like 23+ legs lol. But I got the Broncos winning today. And for anytime TD scorers...Derek Henry. Chase brown and jamaar chase. Tyreek Hill. DK Metcalf. Cortland Sutton. Mike Evans. Nicol Collins.
Not fake insiders like BB, DK, etc. I’ve been investing in this sector since 2018, good and bad news is almost always front run.
MSOS would gap to $10 if a grouping of senators bought in. They're moving way more money than DK and his band of merry gentleboomers following along
I'm pulling a Jeff Goldberg and I'm a rogue agent in the DK/AV/Wolf group chat
# TLDR Delek ($DK) just received **$500M–$900M cash relief** from EPA SRE approvals, nearly half its market cap. Cash pile: $735M. Buyback authorization: $565M. Dividend: 6.3%. Float: only 60M shares, with 111% locked ownership and 13% short interest. Diesel cracks at $32–$42/bbl provide operating tailwinds. DKL midstream stake (\~$1.5B NAV) comes free. At $32, DK trades below SOTP, even after a 144% rally from 2024 lows. Wolfe Research upgraded to Outperform with a **$40–$70 target**, not even counting DK’s $12B refining business. Any rerate, further refund, or buyback acceleration could move DK rapidly higher.
# 3. Diesel Macro Tailwinds * U.S. diesel inventories at 20-year lows. * Exports steady above 1.5M b/d. * Crack spreads holding $32–$42/bbl, far above norms. * DK’s Permian-sourced diesel-heavy slate = structural margin advantage. # 4. Embedded Midstream Value * DK owns **64% of DKL**, a midstream MLP yielding 11%. * DKL trades at 10x EV/EBITDA, below peer multiples. * Spin, sale, or re-rating would surface >$1.5B NAV, essentially free inside DK equity today. # 5. Insider Alignment * CEO, COB, directors actively buying shares, not selling. * Locked float + short interest creates a reflexive setup. # Wolfe Research Upgrade (Sept 2025) * **Rating:** Outperform (from Peer Perform) * **Price Target:** $40 Base, $70 Blue Sky * **Thesis:** Market has only partially priced SRE approvals. * **Scenario 1 (Base):** SREs extended 2025–28 = +$13/share value. * **Scenario 2:** DK optimizes feedstock mix for further exemptions. * **Scenario 3 (Blue Sky):** Trump-era EPA scoring persists = 100% of market cap added in cash relief. Importantly, Wolfe’s $40–$70 valuation **excludes DK’s $12B refining business**, meaning the call is built on cash + SRE relief alone. # Why Market Hasn’t Rerated Yet * Algo mispricing: models DK as if it carries DKL’s $3B debt. * Analysts slow to assign credit for RIN refunds. * Legacy bias: DK long seen as weaker vs. peers, despite diesel leverage and cash surge. * Float dynamics: 111% locked ownership + short interest distort price discovery. #
Donkey Kong $DK (Delek US) Mods removing every new post with hardcore DD # Key Numbers * **Cash Balance:** $735M * **Market Cap:** $1.7B * **Debt:** $275M (algos misprice $3B because of consolidated DKL debt DK isn’t liable for) * **Repurchase Authorization:** $565M (enough to retire most of the 60M float) * **Dividend Yield:** 6.3% * **Float:** 60M shares, with **111% institutional + insider locked ownership** * **Short Interest:** 13% * **Revenue:** $12.2B TTM * **New 52-week high:** $32.38 today # Catalysts # 1. RIN SRE Refunds: Cash Injection * Wolfe and Bloomberg model DK’s SRE refunds at **$894M–$1.78B** depending on % approvals. * Already approved exemptions 2019–2024 conservatively yield **$500M+** practical cash relief. * That’s 40–60% of market cap unlocked, with potential to double depending on future rulings. **By Refinery:** * Tyler, TX: Full for 2021, 2022, 2024; partial 2023 * Big Spring, TX: Partial 2021–22; full 2023–24 * Krotz Springs, LA: Full 2021; partial 2022; ineligible 2024 * El Dorado, AR: Full 2021 # 2. Buyback Machine * $390M cash freed from c-store sale. * $500M authorization approved, equal to one-third of market cap.
# Wolfe Research Upgrade (Sept 2025) * **Rating:** Outperform (from Peer Perform) * **Price Target:** $40 Base, $70 Blue Sky * **Thesis:** Market has only partially priced SRE approvals. * **Scenario 1 (Base):** SREs extended 2025–28 = +$13/share value. * **Scenario 2:** DK optimizes feedstock mix for further exemptions. * **Scenario 3 (Blue Sky):** Trump-era EPA scoring persists = 100% of market cap added in cash relief. Importantly, Wolfe’s $40–$70 valuation **excludes DK’s $12B refining business**, meaning the call is built on cash + SRE relief alone. # Why Market Hasn’t Rerated Yet * Algo mispricing: models DK as if it carries DKL’s $3B debt. * Analysts slow to assign credit for RIN refunds. * Legacy bias: DK long seen as weaker vs. peers, despite diesel leverage and cash surge. * Float dynamics: 111% locked ownership + short interest distort price discovery. # TLDR Delek ($DK) just received **$500M–$900M cash relief** from EPA SRE approvals, nearly half its market cap. Cash pile: $735M. Buyback authorization: $565M. Dividend: 6.3%. Float: only 60M shares, with 111% locked ownership and 13% short interest. Diesel cracks at $32–$42/bbl provide operating tailwinds. DKL midstream stake (\~$1.5B NAV) comes free. At $32, DK trades below SOTP, even after a 144% rally from 2024 lows. Wolfe Research upgraded to Outperform with a **$40–$70 target**, not even counting DK’s $12B refining business. Any rerate, further refund, or buyback acceleration could squeeze DK rapidly higher.
# 3. Diesel Macro Tailwinds * U.S. diesel inventories at 20-year lows. * Exports steady above 1.5M b/d. * Crack spreads holding $32–$42/bbl, far above norms. * DK’s Permian-sourced diesel-heavy slate = structural margin advantage. # 4. Embedded Midstream Value * DK owns **64% of DKL**, a midstream MLP yielding 11%. * DKL trades at 10x EV/EBITDA, below peer multiples. * Spin, sale, or re-rating would surface >$1.5B NAV, essentially free inside DK equity today. # 5. Insider Alignment * CEO, COB, directors actively buying shares, not selling. * Locked float + short interest creates a reflexive squeeze setup.
# Key Numbers * **Cash Balance:** $735M * **Market Cap:** $1.7B * **Debt:** $275M (algos misprice $3B because of consolidated DKL debt DK isn’t liable for) * **Repurchase Authorization:** $565M (enough to retire most of the 60M float) * **Dividend Yield:** 6.3% * **Float:** 60M shares, with **111% institutional + insider locked ownership** * **Short Interest:** 13% * **Revenue:** $12.2B TTM * **New 52-week high:** $32.38 today # Catalysts # 1. RIN SRE Refunds: Cash Injection * Wolfe and Bloomberg model DK’s SRE refunds at **$894M–$1.78B** depending on % approvals. * Already approved exemptions 2019–2024 conservatively yield **$500M+** practical cash relief. * That’s 40–60% of market cap unlocked, with potential to double depending on future rulings. **By Refinery:** * Tyler, TX: Full for 2021, 2022, 2024; partial 2023 * Big Spring, TX: Partial 2021–22; full 2023–24 * Krotz Springs, LA: Full 2021; partial 2022; ineligible 2024 * El Dorado, AR: Full 2021 # 2. Buyback Machine * $390M cash freed from c-store sale. * $500M authorization approved, equal to one-third of market cap. * At today’s float size, execution could rapidly squeeze shorts and institutions.
https://preview.redd.it/hndgnhibq9nf1.png?width=589&format=png&auto=webp&s=225ef5cd305fedad2c66594b5a195606aa622e6c $DK
Market cap is almost 2 billion on DK… this bot is broken
What tf are DK doing, sad to watch 😞
People keep saying this but DK has been adding back MSOS shares and calls ever since
DK and AV getting douped and exiting last week is starting to look more like a they got tipped off and got out than douped.