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The company owns and operates 18 refineries located in the United States, Canada, and Aruba that produce premium, environmentally clean refined products such as RBOB. It also produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals.
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Hukphinn (99.22) Submitted: 7/16/06 12:17 AM : Start Price: $59.26 VLO Score: -39.46
VLO is the largest independent U.S. refiner of oil, and it has a unique capacity to process sour crude, which represents a great proportion of the new supply of oil (e.g., from Saudi Arabia and, to a much lesser but increasing extent, the Canadian oil sands). Since new refineries are not coming online anytime soon, and other refiners don't have, and are not likely to develop in the short to medium-term, the capacity to process sour crude effectively, Valero enjoys a competitive advantage that will likely benefit its shareholders for some time to come.
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extremeinvesting (98.02) Submitted: 10/31/06 2:34 PM
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Impressive! Your forecast 100 days out, as evidenced by record 3Q record earnings was correct. The $2B buy back is more evidence, that not only do they think themselves, that they are undervalued, but they are using the free cash flow to adjust for stock options, paying down the debt, and posturing themselves to maintain their niche, increased market share, all while maintaining satisfied employees. Strong leadership, no negatives that I can see except for those that don't take advantage of this currently way undervalued stock, as victimized, by the across the board enery sector retraction. They will be the only ones smiling soon; time to start the buy low & sell high systematic methodology, once again for, this extreme performance investing stock.
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