It is dividend time! I have sold my BAZAN Israeli Oil Refineries shares because the oil refining business - so I thought - was finished for the next decade. It appears now that me and the experts were wrong: BAZAN earned 182 million dollars and is paying out (not to me) 75 million dollars in dividends. Its refining margin is 4.9 dollar per barrel when the world average is only 1.9 dollar. Should I return to it? BAZAN's price is still under its original valuation.