The recent troubles at Valero (VLO) could soon present a classic value opportunity, Cris...


The recent troubles at Valero (VLO) could soon present a classic value opportunity, Cris Frangold writes. VLO is taking some steps to lower costs and increase profitability, it is planning to spin off its retail business, and it is converting its Aruba refinery to a lower cost transportation hub. Check back when VLO sells its convenience stores, Frangold advises.

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  • samshukla
    , contributor
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    VLO is on killing spree before sale of the retail division. It is continuing to sell gas way below cost at it's locations so as to drive independents out of business. Before the announcement it was retailing around 5 cents/lit below cost in Canada now it is around 12cents/lit below. It may attract a hedge fund or private equity buyer on humongous volume however, traditional competitors like 7-11 will probably stay away from it.
    21 Nov 2012, 05:03 PM Reply Like
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