As prices for crude oil begin to recede the margin for gas refineries should begin to fatten up for some nice short term gains. Hopefully the worst is over for oil, barring of course, Iran's feistiness with the IAEA and Mother Russia over zealous bombing of Georgia and its oil pipeline.
crack spreads will improve with crude oil price dropping this takes a few weeks to take hold as VLO consumes expensive inventory and replaces it with cheaper crude oil. VLO also uses heavy crude which is 20 bucks cheaper than the lightr crude price listed on CNBc....all of a sudden you will see it take off here by mid august
crack spreads will improve with crude oil price dropping this takes a few weeks to take hold as VLO consumes expensive inventory and replaces it with cheaper crude oil. VLO also uses heavy crude which is 20 bucks cheaper than the lightr crude price listed on CNBc....all of a sudden you will see it take off here by mid august
BUY: Valero (nyse: VLO) Gasoline is hitting an all-time high on a wholesale basis, and it looks like higher prices are down the road. You need to gird for $4.00 gasoline this summer—perhaps even higher. Even with historic highs in the price of crude and gasoline, the ratio between the value of a barrel of crude oil and the value of the gasoline you can make from it is currently a loser for the gasoline producers. Normally, the ratio is about 1.25, meaning that the value of the volume of gasoline you refine from a barrel of oil provides a 25% gross margin ...
Valero has been hurt over the last 12 months. Could things improve? Margins have been squeezed by the rising cost of production. (cost of crude, ect.) This is called the "crack spread" which is the difference between the cost of crude and what they get for gasoline they produce. Last spring they got $34 a barrel. The stock hit a all time high. This spring they are getting about $ 6.00 a barrel, but as the summer comes around the crack spread could go alot higher. The stock is down 32% for the year. Although this stock could go down further, im jumping in now.
Well this story is a few days old now but it appears for a minute last week we had 1 stock fund in America that did not lose money. One. Now that's a bear market. By the time the article was written on Nov 9th, it was back down to zero. But in a world where -10% means you outperform most of your peers and even the "best and brightest" in hedge fund world, -5% would be fine too. As of yesterday's close Forester Value (FVALX) was only down 3% year to date - so hopefully my blog entry (ok ok, maybe the CBSMarketwatch article) drives some business his way - he only has $40M in assets after...
Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday November 5.
Secretary Cramer: AIG (AIG), Ford (F), General Motors (GM), Chrysler (DCX), Valero (VLO), <st1:place>Marathon</st1:place> (MRO), United Health (UNH), Wellpoint (WLP)
While Obama has promised to mend the economy, an interest rate cut in <st1:place>Europe</st1:place> and <st1:country-region><st1:place>China</st1:place></st1:country-region> is the fastest way to get the <st1:country-region><st1:place>U.S.</st1:place></st1:country-region> economy going again, said Cramer. However, there are so
We don't have any official results from the presidential and congressional elections as of yet, but traders decided to keep buying stocks today despite concerns of what an Obama administration would do to equity investors. Regardless of the bad economic data, it looks and feels as though you can make actual analysis beyond the next 30-minute period again. Even a $6.00+ rally in oil prices after the Saudis cut production did not stop stocks from rallying. Her
Refiners being squeezed
- VLO (and other refiners) have had their day. The "crack spread" is declining, or if not, holding constant. Reduced use of gasoline means reduced inco
VLO - nice bounce shortly
- Just like TSO, this one is gonna get a nice bounce shortly, I have a play I am stalking and will advise soon. We'll see, but oil should stay strong he
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VLO
About Valero Energy Corp
- Answers.com
We don't have any official results from the presidential and congressional elections as of yet, but traders decided to keep buying stocks today despite concerns of what an Obama administration would do to equity investors. Regardless of the bad economic data, it looks and feels as though you can make actual analysis beyond the next 30-minute period again. Even a $6.00+ rally in oil prices after the Saudis cut production did not stop stocks from rallying. Her
