think about these guys.................leveraging billions...............to make pennies roflmao
How tight is the squeeze
Very tight FED can raise interest rates on this borrowed money
Oil and margins go lower
Looking over BP earnings, who may have spent the most on upgrading refineries in the past two years and who have enjoyed heafty spreads based on their refinery locations, they also have a strong retail distribution...they earned $.99 per share
Whisper number for VLO is $1.62..............with the spreads narrowing since the end of July........$1.62 seems unreasonable..................BP missed on revenue and so will VLO
The bigger issue is forward quidance the last 45 days tthe spread for VLO has been $2..........thats a ouch
Sour crude discounts will have evaporated from the July highs
I do not see any E in PE
and VLO has to still deal with the EPA...the cost is $3 billion to bring their refinery current for sour crude.............that hurts...................alot
Not so much E anymore.........OXY missed also
Valero Energy Corp. President and CEO Joe Gorder sold $1.6 million worth of shares of common stock
they say it was to pay some tax liability,
If you are expecting great earnings and the stock to rise.......waiting a few days to sell it if you had great earnings would be the best idea
If you had terrible earnings...you sell now and say I had a finacial obligation to meet
You are about to get rolled again roflmao
Based on this I have put in another large short position today at the close
They really did you a favor
When all else fails, and there is no growth, who you gonna call? Buybackbusters!
board of directors today declared a regular quarterly cash and a buyback of shares
Most boards do not do buybacks....even though they say so
This is a pretty one demensional game either you go long or short.....roflmao
Right now there are really big cracks in the road of the US economy
iShorting is as easy as going long when VLO was $14
market GDP shrinks buy 8 percent first and third quarter and the market goes up
Now ask why did it go up?
They are giving the CEOs a chance to get out
Todays new for VLO is SEC filing shows Valero CEO sells $1.6 million in stock!
No credit cards
No car payments
Thank you guys
Looking at a stock screen is no life for me
I will let you know how I do when I get back tuna fishing
Here's $100 for your tip
You all contributed
It will start with oil and refined goods
Mark this post you will be able to buy VLO at $10 a share when its done
now how did that happen roflmao
So who said they expect big things out of oil?
Where's the commander?
Fan we need you 20 point list because VLO will miss on revenue and earnings
They will close more refineries because they don't have the money
I bet VLO wishes they had those retail stores they sold roflmao
Great decision to sell. Please tell me the basis of that decision
Shorts let's go after TSO now
Valero had agreed with the U.S. Environmental Protection Agency to permanently shut the FCCU by the end of 2015 to bring the refinery east of New Orleans into compliance with environmental rules.
Valero Energy Corp is permanently shuttering the 38,000 barrel-per-day (bpd) gasoline-producing fluidic catalytic cracking unit at its 125,000-bpd Meraux, Louisiana, refinery by mid-October
Well..well.well we did not make the deadline