I like to invest alongside CEOs that have a hot hand and, of late, one of them is Carl Icahn, as he has turned one strategic investment after another into huge profits, asserts Bryan Perry, editor of Cash Machine.

Within the $8.64 billion in assets that make up Icahn Enterprises L.P. (IEP), roughly $2.2 billion is invested in CVR Energy (CVI), a key player in the oil refining business with operations in nitrogen fertilizer.

Refiners are in the midst of a boom, as there is a wide spread between the price of crude and what refined products like gasoline, diesel and jet fuel sell for, thereby increasing profits dramatically.

CVR Energy pays a cash dividend of 75 cents per share. Back on May 29, the company increased the quarterly dividend from 50 cents to 75 cents per share, or $3.00 annually, representing an annualized increase of $1.00 per share. There is no other refiner stock that pays a yield anywhere close to that of CVR Energy.

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Earnings are surging for CVI in the current refining market. Its third-quarter earnings per share (EPS) came in at $0.95 per share, beating forecasts by 11 cents. For 2018, revenues are expected to climb by 19.90% to $7.18 billion.

Shares of CVI traded as high as $47.67 in late May and as high as $44.80 in late October and have retreated to a much more attractive entry point of $39, where I view the stock as extraordinarily attractive. And unlike most charts of energy stocks, the chart of CVI is very constructive. I have a buy under price of $42.

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