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Valero Energy Corporation Message Board

  • ah673000 ah673000 Oct 26, 2009 7:39 AM Flag

    Hanger Business- Monday

    GM VAPers:

    The hanger is all cleaned up and the birds are ready. That is good .... just look at the chatter on the MB this weekend. VLO is drawing max attention going into earning tomorrow.Not bad for a company that is going to report a loss of 100s of millions of dollars and will give a miserable forecast for Q4.

    The gut o meter is giving a very strong reading this morning. Bottom line is if she comes out of the starting gate strong jump on in the first 15 minutes ..... she'll rip for a good gap and then the prudent move will be to exit before she probably swoons by 4pm. The reading is indicating a couple of strong moves during the day... so be alert.

    Also of note, the margins have crept back up to a slightly positive cashflow for most refiners....even though they have had to cut capacity to 80%. Still will be projecting a book loss projection for Q4, but at least the cash burn has slowed.

    GL .....

    AH

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