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Valero's (VLO +11.4%) "best quarter in years" is broadly lifting shares of other refiners: TSO...

Valero's (VLO +11.4%) "best quarter in years" is broadly lifting shares of other refiners: TSO +4.5%, PSX +4.6%, HFC +5.7%, WNR +5.1%, MPC +4.9%. VLO's switch away from imported light, sweet crude toward domestic sources was anticipated but came earlier than expected, and represents a milestone in a U.S. energy industry hoping for self-sufficiency.
Comments (6)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Gotta admit I didn't think this group could move higher - but it did. I bought RBOB instead, and am also making a profit.
    29 Jan 2013, 04:35 PM Reply Like
  • JohntheOld
    , contributor
    Comments (176) | Send Message
     
    Earlier this year the 'analysts' were talking about how refiners were so squeezed.. lowest profits in years...
    Seems to me that some foolish company might even consider building a refinery to take advantage of the type and volume of crude being produced in America. Tax issues cannot be as high as terrorist and nationalization issues.
    29 Jan 2013, 05:23 PM Reply Like
  • chopchop0
    , contributor
    Comments (3526) | Send Message
     
    Isnt that was DAL pretty much did?
    30 Jan 2013, 08:40 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    Hopefully this will spread some cracks.
    29 Jan 2013, 06:38 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1012) | Send Message
     
    Gives a whole new meaning to a ticker symbol LUBE.
    29 Jan 2013, 10:32 PM Reply Like
  • littleboymaker
    , contributor
    Comments (63) | Send Message
     
    Refiner profitability is tied to its crude source and cost. East and West Coast do not have the same crude costs as the mid continent and Gulf Coast, hence different results. That's why alternative transport [RR Cars] east and west make financial $cents.

     

    Note: Hess is closing their New Jersey refinery due to margin and upgrade $ issues. Not all refineries are created equal.

     

    Long NTI, ALDW, CRVV, PSX & CLMT.
    29 Jan 2013, 08:12 PM Reply Like
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