Yes, amazing. Just a few months ago, everyone wanted the refiners, now, in a blip, its near 52 week lows...amazing it is. The fundamentals here are as strong as ever. According to Ben Graham's formula, VLO is a $90 stock. VLO management is the best out there and they are bringing real value to the company. The insiders are not selling. Also, the stock and earnings are not being propped up by share repurchasing. I bought more this morning for LT and ST And will buy more at 52 week lows if it gets there. Also started a position is PSX and PBF.. GL Jet.
If growth was, it's, expected to stay flat, then why do the analyst have a one year target of $205??? Your statement is contrary to what the analyst are saying. Also, the pe is under 9 now, that is as low as I have ever seen it. The volume seems to be higher than average in the past couple of weeks...What may be happening is simply a lack of buying.
playing it safe yields little profit, making money involves risk. You cannot escape it, that said, I am in for 300 at 79.92!! Will go in for more TSO and VLO after VLO reports. Also got VLO shares under $59!!
Oil is on up on HYPE. Oil will revisit $30, if not a little lower. The over supply problem is still in full force, IRAN is ramping up, Russia is pumping like crazy and S.A., they HAVE to pump like crazy or their country will implode...yeah, you keep thinking those twisted thoughts and short the refiners...how low can your trade acct go?????