Carl Icahn Attempting to Unlock Value in CVR Energy

Again, Carl Icahn is agitating to unlock shareholder value, this time by demanding CVR Energy 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 and Marathon could be possible buyers.

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

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CNBC.com with wires.