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Miffed a Milf
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Registered: 11/09/05
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Stock question
    #8557506 - 06/24/08 10:18 AM (12 years, 8 months ago)

So, I've been thinking about putting some money in Valero (VLO). Here is my reasoning:

-Despite all of the American outcries for increased drilling, the current oil crisis isn't caused by a lack of crude oil, its caused by a lack of refining capacity.

-That means that all current refineries are selling EVERYTHING they produce.

-It also means there are going to be cheaper oil supplies if drilling does open up.

-Further, if drilling doesn't open, cost of oil will rise from refineries due to increased demand.

-Alternative energy sources are awesome, but I'm betting on the general tendency of people to be ignorant and resist change at all costs.

-$0.60 dividends

-P/E Ratio of 5.80

-$7.54 EPS

Now, why valero? Simple - Valero owns the majority of refineries, at least in the US. That means that they'll be in business for a good long time. Would any of you stock experts want to weigh in? I'd like to see some counterpoints. Thanks! :smile:


You can turn your back on a person, but never turn your back on a drug, especially when its waving a razor sharp hunting knife in your eye.
Hunter S. Thompson

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General Interest >> Money Matters

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