coincidentaly i bough in the last second...
Sentiment: Strong Buy
Yes Valero was going to have a great performance ......that was until yesterday.Let me explained: Iran santions lifted will add 0.5 mill 1 mill extra barrels of Crude back into the market. Current preassure is been created with 1 mill extra oversupply barrels not counting what is going to be spilling from next months from storage overflown Capacity..
Imagine 50 % 100% extrabarrels lingering at this point. In the other hand internal prices wti wont go much lower. Check latest Gurus Carl Icahn bet in Nat Gas.Natural Gas futures up .Thats why market bet friday VLO.
Dont saying you have to run to the hills just yet buy better take cover. I sold some of my position ,will get back at lower price.