Barron's: Valero shares could gush 30% higher

• Valero Energy (VLO +1.5%) "looks like the pick of the refiner litter," according to a Barron's profile out overnight; by processing cheaper U.S. crude oil and selling it at higher global prices, VLO is "practically printing money," Dimitra Defotis writes.
• VLO is "the best positioned to take advantage of the changing Gulf Coast crude oil landscape," Barclays analyst Paul Cheng says, believing the stock could rise more than 30% to $70.
• VLO's balance sheet has minimal debt and $4B-plus in cash which could exceed $5B by year-end, Macquarie's Chi Chow says, expecting VLO to return some of that cash to shareholders via stock buybacks and a higher dividend.