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Valero Energy Corporation Message Board

  • ah673000 ah673000 Apr 24, 2014 6:59 AM Flag

    Hangar Business -Thursday

    Vlo has been topping at 56 for the last week...... Can it make the run to the next major challenge.....the biggest challenge in it's march up .......the massive 58 land of unhappys . The battle for 58 has a huge historical is the old 62 ( before the CSI spin off) .

    No secret I have been hedging that the MMs will drop vlo back one more time before taking 58 on...... So far I have been wrong .....but we are not at 58 yet .

    I am 60% out, 40% in presently with the last load sold at 55.91.

    Game on.....I need a minimum reset of 52.91 to make this work or I left $$$$ on the table.....

    GL gang..... Either way....this is fun!

    Go VLO


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    • I think VLO is fixing to make a pretty big move, just not sure which direction. It seems to have stalled out for the time being and may sell off after earnings. Then again, it could just be resting for another big push to the $58-60 mark.

      Sentiment: Buy

    • So glad to see you back!!!!!

    • Still do not think they will take it down much. Yesterday was the perfect opportunity for them as there was very low volume. That is when they can move the stock around.

      IMHO VLO will take out $57 today, and with a close above $57, VLO "could" see $60 next week before earnings...

      Like you said, this is fun and whatever VLO decides to do, it has been very good to me...


      • 1 Reply to jetbpc
      • I agree Jet. Don't see it going down and not just saying that blindly.

        They will report good earnings and the street is expecting good earnings.

        So, the street will be looking towards the future. The second quarter is shaping up so far to be a great quarter. Great margins, great discounts, great ethanol market, great exports, etc.

        We also have WTI to Brent Discount starting to blow out again.

        We also have a historical build of crude inventories on the Gulf. The Gulf had a 2.4 million build of crude last week.

        Remember when MPC and HFC had the huge stock appreciation runs from 2010-2012 because of the glut at Cushing and WTI blew out to a discount of upwards of $26/barrel. That could happen to Valero especially if the Government sits on its hands on the crude export ban. If this happens, fasten your seat belt.

        Lock and load.


    • We need a close with volume near 57. All about the volume.

      Sentiment: Buy

    • I always seem to leave money on the table. I got out last week at 55. If it pulls back I'll get back in, if not I still enjoy watching from the sidelines.

49.885+0.005(+0.01%)2:41 PMEDT