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$33.38 -0.29 (-0.86%)
9/5/2008 4:00 PM

Valero Energy Corp (VLO)

CAPS Rating:
****

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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Avatar goalie37 (92.64) Submitted: 12/12/06 4:58 PM : Outperform Start Price: $52.57 VLO Score: -26.03

VLO has been an exercise in patience. I originally purchased it for my virtual fund at Marketocracy.com (thankfully it wasn't real money.) Since then the stock has fallen precipitously, bottoming out in the high 40's. However, my faith in stock has not wavered. As oil prices have fallen, the profitablitly of refining heavy sour crude has slipped. I do not believe that oil prices have gone down forever.

The stock has a TTM P/E of 6, 32% return on equity, and dramatically rising retained earnings. This stock may take a while before breaking out of its current trading range, but in the long term, I feel it will definitely head higher.

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