Most of you know that have been on this board awhile know that I have been bullish on Valero a long time. Along the way I took some hits for my view. So, I thought I would share one.
Here's a post about me on October 29, 2012 from Tulip1999 responding to once again another wonderful post from Avia (saying that I have lost it and calling me an attack dog) posting on this board:
"It's immaturity and maybe an assigned role, is my suspicion. I have been around the block a bit, done a lot of work in petro-finance with the Wall St crowd, and no one who is actually successful blows their horn in such a manner as he does. Always a straight, and outspoken, view of VLO going higher.But the chart, beginning with Klesse arriving on the scene as destroyer tells another story. So, I lean on the chart for guidance (instead of a quasi-blogger who is likely just a nephew of a VLO Investor Relations employee anyway). And I don't spend much time on this discussion board either."
End of post.
Well Tulip... I get the last laugh... I am up 55% since that post and over 80% over the last year with Valero. Yep, a little guy like me can contribute something and can find a stock that is under valued. I am glad I am not in "petro-finance with the Wall St Crowd" instead sitting in my living room researching Valero and spending time on the Yahoo message board. Glad you sold your shares as I probably bought them!
Fan aka "quasi-blogger"
hey fan. you don't need to post vindication messages. we, the VAPers, know you have your stuff together. there are always detractors (mid, avi sometimes) who will dissect the message to find any tiny particle of info that may be suspect. don't worry about that, just keep posting your thoughts and findings. gl.
Just keeping vlono.1fan honest when he rails (pun intended) against VLO management due to shallow or incomplete research, like the thread in which he maligned VLO for being late to the rail transport game when they announced plans to acquire 2,000 railcars. vlono.1fan was unaware VLO already owned or leased 7,000 cars, already had been moving inland crude by rail, and was moving to increase VLO's rail transport capability. Only one recent example.
John, I haven't been a detractor and 15% isn't something to sneeze at. With the current ethanol plants idling, refineries that are shut down for maintenance,higher crude prices and sizable expenditure on rail cars......I just don't think earnings will justify vlo at $45. Later in the year it might be. I mostly agreed with fan.
Fan, when your right, your right. Nice gains...........and timing too. I think its at least 15% overvalued, maybe 20%. There are safer plays than shorting this one , so my interest is minimal but nobody can argue you haven't been a vlofan.