Here you go. http://stockcharts.com/freecharts/gallery.html?s=vlo
Sour crudes baby.
The glut of WTI doesn't narrow the spread between WTI and Brent as some would have you believe. Also, between the Middle East, Russia, N Korea, etc, Brent's premium can soar on any given geo- political event.
that fracking and excess WTI would some how narrow the spread between Brent and WTI, seems like it would widen it. Also the geo-politics always causes issues with elevating the price of Brent along with stronger world currencies than the Dollar from countries that consume alot of oil.
I doubt it will drop much more from here, the fundamentals for the refiners in the past were not as good and growth is +50% from the last drop. The big funds on average can't beat the S&P index. I am well above it.
Think about it. Record production in US means lower WTI, it cannot be escaped. The Euro is pressing Brent Higher. Also the pipelines are adding to the refining spread, especially sour crude.The refiners have the best growth, profitability, buybacks and return than about any sector reporting. They panic selling yesterday is #$%$.
Think I'll hold and watch this run to mid 70's.
We are too close for this to be acquired IMHO to be taking a short term profit. So the day and swing traders don't think too far ahead. The ones that do won't be out for long.
Its so undervalued its got to be tempting for a big oil or merger or buyout. The technical are starting to look as if we are moving up from what I think will be a historic bottom.
except the refiners. Good co to own for long and short term.
markers were met. You can bet they reviewed with FDA before stopping. This will soar. This is an insane buy here.
When to buy is the question.
Sentiment is so negative. Thinking about adding shares before market close.
had alot of expenses and still beat EPS. I think the Street was looking for a big miss on EPS. Now this stock, after the market gets through its correction will rip to $90+
is getting deeper. I don't think it will stick for long.