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Valero Energy knows Americans are inseparable from their cars |
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| Apr 20, 2009 08:40 PM UTC |
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Via BloggingStocks:
Filed under: Valero Energy (VLO), Stocks to Buy  Readers of this space know that one of the preferred sectors has been the refining sector, with exclusions made for a few companies. Would that the United States (and much of the world, for that matter), transition to a next-generation propulsion system (natural gas, electric, fuel cell) quickly, but unfortunately that goal still looks a decade away, perhaps more. And that means refiners like Valero Energy (NYSE: VLO) will remain a force.The market punished Valero in 2008 after refining margins narrowed substantially, but folks, we're talking gasoline in the United States here: gasoline refining margins can't (and didn't) contract for very long, and significant, additional margin improvement in seen in 2009. Continue reading Valero Energy knows Americans are inseparable from their cars Valero Energy knows Americans are inseparable from their cars originally appeared on BloggingStocks on Mon, 20 Apr 2009 15:40:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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