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 ...
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
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
About Valero Energy Corp
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