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Valero Energy Corporation (VLO)

NYSE - Nasdaq Real Time Price. Currency in USD
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69.71-1.46 (-2.05%)
At close: 04:00PM EST
69.71 0.00 (0.00%)
After hours: 07:52PM EST
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  • D
    Dennis
    I think the great "unknown" related to the new variant will diminish in the next week or so, and the new view will be that "Omicron" is manageable. I could be wrong but I am not putting mush weight on Friday's trading results. Most senior traders were out, leaving few to take the other side of trades generated by computer algorithms.
    Congrats to those who picked up shares on Friday. I did not. I'm over my limits on refining.
  • F
    Fritz1967
    Anybody know why VLO and other refiners are up today?
  • D
    Dennis
    These are the details of the announced SPR oil release. Unknown are how other oil importing nations will respond, how OPEC will respond, and whether this will help US refiners. #MPC #PSX

    https://www.energy.gov/articles/doe-make-available-release-50-million-barrels-crude-oil-strategic-petroleum-reserve

    FYI -- An exchange agreement involves return of the principal amount of similar quality crude oil to the SPR, plus payment of an in-kind premium determined according to the period negotiated for return. A letter of credit will be required for the exchange of crude oil.
  • D
    Demetrios
    Why is VLO up more than PSX? Anyone know since they are basically similar companies. Perhaps VLO is more dependent on oil prices since they do not have a large chemical business like PSX. Not complaining as I am long both companies.
    Bullish
  • C
    ChuckG
    PSX laid off almost 500 refinery workers today. Converting a Louisiana refinery into an export facility. Good news for VLO imo
  • D
    Dennis
    It was a demoralizing day and week for shareholders of refining stocks. The president's announced plan to release strategic oil reserves, possibly in unison with China, drove down the price of oil and gasoline, as was intended. US refiner profits should not be significantly affected by this action, but that did not seem to matter.

    Renewed Covid concerns, highlighted by increasing global infections and the shutdown of Austria, will affect US refiner profits if the trend continues.
    Passage by the House of the BBB bill, although unlikely to advance in its’ current form, adds more uncertainty as to the government's efforts to limit the use of fossil fuels. Together with the first bill, significant monies will be spent on charging stations and EV subsidies or tax incentives.

    So, ignoring the dividends paid this week, VLO, MPC, and PSX lost 8.7%, 7.6%, and 9.1%, respectively for the week. (MPC’s large stock buyback program usually provides something of a floor on “down" days but not much support on “up” days.)
    I don’t see selling the refiners at these levels. I plan on holding and hope for a reversal starting next week. Nevertheless, we should all be aware of the substantial headwinds. I wish the best of luck to all.
    #MPC #PSX
  • g
    george
    Doesn’t look good to Georgie boy. The Brussels woman infected with the super variant was unvaccinated but only traveled to Egypt and Turkey, not Southern Africa. It took her 10 days to develop symptoms so I think the super mutant is everywhere by now. We will have to see if the vaccines hold up. If they don’t, we are back to square one. Two weeks ago I went fully invested and had my hat handed to me. I’m down close to 17%, most of the losses came on just 2 trading days. I raised 25% cash while only booking around 8% of the unrealized losses. Thank goodness for dollar cost averaging. Will see what develops.
  • J
    Jerry
    Shell Halves Singapore Refinery Capacity. In a move to curb emissions and optimize production, Shell (NYSE:RDS.A) has halved the production capacity of its 500,000 b/d Pulau Bukom refinery in Singapore, curbing fuel availability in Asia’s main shipping hub. This also has a major effect on UK refinery operations for offloads.
    Bullish
  • g
    george
    The BBC reports the new variant was in the Netherlands before the Covid stricken flight from South Africa arrived in Amsterdam. Sequencing was done for samples taken before that particular flight arrived and the new variant was present. The positive samples did not predate the first discovery in South Africa, however. The truth is special sequencing must be done to find the omicron variant and it is possible that the variant has been around for a long time and is no more dangerous than the delta strain. If this is the case it presents a marvelous buying opportunity. Oh the timing, the timing!
  • D
    Dennis
    Excerpt from 11/9 Barron's article on high energy costs #MPC #PSX
    "Companies that make or process fuels and chemicals often run on natural gas. Refinery operator Valero Energy (VLO) said that its refinery operating expenses rose 6% in the third quarter largely because of higher natural gas prices. And any other business—including office work—that uses substantial amounts of electricity can be hurt when energy prices rise. Natural gas now accounts for the largest share of U.S. electricity generation."
  • R
    Ray
    ALL U guys should have LOADED the boat today when VLO got hit. I did!!
  • M
    McMillan
    new investor to VLO. I see their brand stations all the time now to be an investor feels nice. I know it is a low day for many of you but days like today gives us new guys an opportunity to load up and join.
    Bullish
  • h
    henry
    Gasoline and distillate inventories down again. You would think that would be good news
    Bullish
  • D
    Dennis
    For anyone not aware, both MPC (58 cents) and PSX (92 cents) are trading x-dividend today. VLO (98 cents) trades x-dividend tomorrow, Nov 17. #MPC #PSX
  • P
    PFortySeven
    They pegged it at $68 and pennies. That is a contentious battleground going back years. Next week will be interesting.
  • i
    ipsofacto777
    Good move by VLO.
    They are replacing expensive debt with cheap debt!
  • F
    Fritz1967
    Buy, buy, buy! Black Friday sale on Valero! Don’t believe the herd mentality fear. We will be okay, new Covid or not.
  • P
    PFortySeven
    Come to papa, baby, come to papa.
  • D
    Dennis
    This is a reprint of a post entered by Highlowsell on the FCX page
    "Somewhat OT, but since we talk about the EV "revolution" this NYTimes guest essay is worth a read (if you can get to it behind their paywall, and Yahoo allows the link). Excerpt:

    "China’s decision a decade ago to knit all the pieces of its battery supply chain together into a comprehensively controlled, globe-spanning industry has yielded it genuine strategic power. Turning ore into electrodes is far trickier than extracting minerals. It has taken China much of the decade to stand up an industry that, according to Wood Mackenzie, an energy research and consulting firm, now possesses about 90 percent of global capacity to process raw lithium, about 70 percent of cobalt and 40 percent of nickel. China also has almost all the manganese- and graphite-refining capacity."

    So, building a EV plant, batteries and such, is one thing ain't it? Turning the raw ore into a properly refined product for the batteries, that's quite another thing, eh?"

    https://www.nytimes.com/2021/11/10/opinion/electric-vehicle-climate-battery.html
    #MPC #PSX
  • J
    Jim
    Well, if history repeats itself, we should get a few downgrades and then one to two weeks later the stock will take off again.
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