Ok, we have about a month and a half in the new year. Let's see how the fundamentals are starting off for Valero
1)Heating Oil Futures prices are at a 4 month high. Check.
2)Gasoline Oil Futures prices are at a 4 month high. Check.
3)WTI to Brent discount at an almost 3 month high. Check.
4)US Gasoline Demand finally up from a year ago. Check.
5)Ethanol margins starting to trend up. Check.
6)Natural Gas prices still reasonable. Check.
7)US production of crude oil still making huge jumps. Check.
8)Valero's new Port Arthur hydrocracker operating well. Check.
9)Valero recently raised the dividend. Check.
10)Retail spin-off still scheduled for second quarter. Check.
11)St. Charles hydrocracker project still scheduled to start up in second quarter. Check.
12)Nebraska govenor approves new Keystone XL North project. Check.
13)Exports of refined products still strong. Check.
14)Valero finally getting more into the logistics business of training crude to its refiners to capture more of the crude discount. Check.
15)US, European, Japanese, and Astrailia less effecient refineries shutting down. Check.
16)US heating oil inventories on East coast at 10 year low. Check.
17)US heating oil demand up with a more normal winter than last year's record warm winter. Check.
18)Corn prices have come down some and with a more normal precip in summer should even more. Check.
19)Much larger than normal turnaround activity at US refineries in first and second quarter. Check.
20)Economy starting to improve a bit. Check.
Are you living on Mars or the planet earth. Your so call facts or not to say the least are wrong. (9/10) of them are not true . Go back and restudy them, you must of missed something. Sorry to not agree with you.