Fast Money: Rapid Recap - The first and only official show synopsis
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Carl Icahn Attempting to Unlock Value in CVR Energy
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Again, Carl Icahn is agitating to unlock shareholder value, this time by demanding CVR Energy [CVI
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] put itself up for sale.
Icahn, CVR's biggest shareholder with a 14.54 percent stake, said in a regulatory filing there were three or four possible buyers who could benefit from a deal with CVR Energy.
"Shareholders would be better served if (CVR Energy) commenced a process to put itself up for sale, rather than pursue the limited initiatives announced by the (company)," said Icahn, who had picked up the stake in CVR barely a month ago.
And in a live interview on CNBC, Ichan explains that as a small refinery he thinks the fortunes of CVR are too closely tied to the crack spread. And Icahn tells us, “I don’t know how long the crack spread will favor a small refinery like this – I think the value is much greater to a larger refiner.”
Of course that begs the question, who might want to acquire CVR.
Although Icahn wouldn’t reveal any names, top energy trade Joe Terranova thinks Valero [VLO
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Of course, that’s purely speculation on Terranova's part. All Icahn would say is, “We’re studying the situation.”
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Trader disclosure: On February 14, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova is long VRTS; Terranova is long LQD; Terranova is long SWN; Terranova is long CSCO; Terranova is long TBT; Terranova is long SBUX; Terranova is long FXE; Terranova is long OXY; Terranova is long MCD; Terranova is long JOY; Terranova is long AXP; Terranova is long EMC; Terranova is long IBM; Terranova is long UNG puts; Terranova is short AAPL put spreads; Najarian is long VIX call spreads; Najarian is long RVBD calls; Finerman is long AAPL; Finerman is long BAC; Finerman is long JPM; Finerman is short IBM calls; Finerman is long HPQ; Adami owns C; Adami owns GS; Adami owns MSFT; Adami owns AGU; Adami owns NUE; Adami owns INTC; Adami owns BTU; Scaramucci is long AAPL; Scaramucci is long BAC; Scaramucci is long C; Scaramucci is long GS
For Anthony Scaramucci
SkyBridge Capital Is A Fund Of Funds Manager
Anthony Scaramucci is one of 8 national finance chairs for Mitt Romney campaign
Scaramucci a fundraiser for Mitt Romney and has contributed to the Romney campaign
For Mike Khouw
No disclosures
For John Taylor
No disclosures
CNBC.com with wires.
Data is a real-time snapshot *Data is delayed at least 15 minutes
