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Valero Energy Corporation (VLO)

NYSE - NYSE Delayed Price. Currency in USD
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64.75+0.20 (+0.31%)
At close: 4:01PM EDT
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  • D
    Dennis
    Dennis
    Last week was tough on crack spreads but I don't understand why we're taking such a beating. This has happened in the past... although that is certainly no consolation.
  • D
    Dennis
    Dennis
    Encouraging....I think
    U.S. Gasoline Demand At All-Time High | OilPrice.com
    United States gasoline demand has just hit a new all-time high, despite EV sales in the United States having tripled since 2012
    oilprice.com
  • D
    Dennis
    Dennis
    Bad oil and gasoline inventory numbers. Refiners taking a hit.
  • D
    Dennis
    Dennis
    Friitz, Please ignore my last post. I cant delete it. Meanwhile, my reply to your post under "EPA will reject change" , has disappeared. I don't remember what I said. I'm fairly negative on the prospects of regulatory relief for refiners.
  • D
    Dennis
    Dennis
    Friday's court decision against the EPA was likely the reason for the disappointing stock performance. Earlier in the week, Britain banned the sale of internal combustion vehicles by 2040...joining other countries... but oil was up, so it's hard to judge the impact.
    Trump May Have to Boost Biofuel After Court Deals Blow to Oil
    The Trump administration may have to reconsider its proposal from earlier this month to curb biofuel use after a U.S. appeals court in Washington ruled that the Environmental Protection Agency doesn’t have the authority to cut quotas while citing ina
    www.bloomberg.com
  • D
    Dennis
    Dennis
    So, how hard is it gonna be to break $70?
  • D
    Dennis
    Dennis
    Another leak, now widely reported. No change on Point of Obilgation. Disappointing if true
    EPA will reject change that Trump backer Icahn sought
    EPA plans to formally announce the decision within the next two weeks, the official said.
    www.politico.com
  • D
    Dennis
    Dennis
    I thought VLO had a very good Q2. Earnings of $1.23 beat estimates with excellent throughput of 3 million barrels per day. Actual throughput margins in each region were at or better -- compared to prior periods -- than the indicative crack spreads had forecasted. (In that regard, this was a much better performance than MPC). Other than higher RIN costs, everything discussed on the CC seemed positive...including demand for gasoline.
    The stock is not reacting as I would have expected – or hoped – but it rarely does. Maybe tomorrow
  • K
    Kaitlyn
    Kaitlyn
    VLO appears to suggest upside opportunity. google awesome_stocks - they offer pretty good trade alerrts. you dont have to trade their tickers but it definetly helps you recognize possible patterns for stocks you're trading.
  • F
    Fritz1967
    Fritz1967
    TransCanada will decide whether to build the northern section of the Keystone XL by November or December this year. They have started open season. They are optimistic that they will move ahead. Key is two things: 1)permit or approval from Nebraska and 2)shipping commitments. I think they will move ahead and this is good for Valero, Gulf Coast refiners, and the US in so many ways.
  • C
    Christopher
    Christopher
    Earning before the bell tomorrow! Think they meet estimates. If they don't back to $65. If they beat $70.
  • J
    Jamie
    Jamie
    13 cent beat....way to go vlo
  • M
    MacAries
    MacAries
    You would think this is a tech tech stock the way it goes down after such good news now that we jettisoned the idiots maybe tomorrow we can hold on for $72 like it should be yes even with rising oil prices
  • D
    Dennis
    Dennis
    The latest “Key Market Prices” worksheet, provided by VLO for last week, shows very strong indicative crack spreads in July. Valero’s Q3 is looking good. The only concern is the rising cost of RINs. For those not familiar, this worksheet can be seen at:

    “VLO Investor Relations / Financial Information / Operations and Fundamentals /Key Commodity Prices and Differentials.”

    These July numbers will not affect 2Q financials to be released on Thursday morning. Indicative crack spreads for Q2 (See prior posts) were a little weak in the Gulf Coast but decent in the other Valero regions.

    Regional indicative crack spreads are fairly complex calculations. For the Gulf Coast, Valero assumes buying 20% LLS (Louisiana Light Sweet Crude), 40% Maya blends and 40% ASCI blends to produce gasoline and diesel – see formulas on worksheet. The calculation assumes the actual average price for the various crude blends and fuels assumed during the period. The real crack spread will be based on actual crude purchases during the period, discounts received, actual products yielded, effect of derivative contracts, etc. The point is that these “indicators” are just that. Actual spreads, throughput volume, and operational efficiency will determine the profits for Q2.
    I still look at the “minute by minute” simple crack spread determined by subtracting the published price of WTI crude from that of RBOB gasoline. (This number trades as a derivative on the CME.) It will give you a basic trend but the weekly numbers provided by Valero should be a better indicator of financial gross margins.

    The Q2 indicative crack spreads provided by Tesoro and Marathon are stronger, compared to prior periods, than those of Valero. This is good, in my opinion, because the stocks of this group usually move in sync.
    I also think that VLO will take its share of growing gasoline export numbers reported by the EIA. In summary, I am optimistic about the stock price after Thursday’s earnings but don’t have much by way of evidence. The line between expectation and hope is often blurred. Good luck.
  • D
    Dennis
    Dennis
    The border adjustment tax seems to be dead. That's one less thing to worry about
    It is frustrating when the stock responds negatively to good news. Do any of the traders have views on the stock price movements? I assume there is significant resistance on the road to $70.
  • D
    Dennis
    Dennis
    As good as it gets -- EIA needs to confirm tomorrow
    API reported Tuesday an unexpected climb of 1.6 million barrels in U.S. crude supplies for the week ended July 14.. The API data also showed a drop of 5.4 million barrels in gasoline supplies, while distillates were down 2.9 million barrels.
  • d
    donna
    donna
    whewwww!
  • D
    Dennis
    Dennis
    VLO was down today with oil prices and oil stock funds but I think it will bounce back quickly. Gasoline prices declined much less than oil on a percentage basis and VLO’s indicative crack spreads for last week – released today – look pretty good.
  • d
    donna
    donna
    I made it back home and it looks like a lots Ted snow flakes
  • d
    donna
    donna
    Hi Dennis: Plants in the garden are taller than. me. I sold everything yesterday. I felt it was time for a whole market drop. And I think today its Options ex Friday. And I'm off on personal business again. And poor dog is home alone. She will be ok, air is on. We'll see how next week goes. Bye