Home | Community | Message Board


North Spore
Please support our sponsors.

General Interest >> Money Matters

Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post. Pages: 1
Offlinewiggles
Miffed a Milf
Male User Gallery

Folding@home Statistics
Registered: 11/09/05
Posts: 2,615
Last seen: 7 years, 6 months
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


Post Extras: Filter  Print Post  Remind Me! Notify Moderator
Jump to top. Pages: 1

General Interest >> Money Matters

Similar ThreadsPosterViewsRepliesLast post
* Wealthy Investors Hoard Bullion gettinjiggywithit 998 6 10/06/08 01:07 PM
by Asante
* Gasoline prices low so we can give the savings right back during Christmas.
( 1 2 all )
mushroomhunter10 2,802 27 12/24/08 08:15 AM
by Madtowntripper
* STOCKS - An Intro Tutorial & Ongoing Discussion
( 1 2 3 4 ... 195 196 )
geokillsA 230,298 3,909 02/27/21 11:32 AM
by Enkidu
* House Democrats Contemplate Abolishing 401(k) Tax Breaks Luddite 1,709 12 11/02/08 09:16 AM
by Luddite
* who here hates capitalism and why?
( 1 2 all )
Grizzly Adams 2,323 31 07/03/10 07:04 PM
by TheMacDaddyLongLeg
* Post a picture of what's in your safe deposit box... LayYouIn 2,739 17 01/24/10 06:04 PM
by methoxy
* can someone tell me how the spot market works? ZippoZM 1,267 3 06/24/08 11:46 PM
by HagbardCeline
* Pennys worth more than 1 cent?
makaveli8x8
2,400 17 08/11/08 10:15 PM
by Prisoner#1

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, Asante, automan
396 topic views. 3 members, 0 guests and 0 web crawlers are browsing this forum.
[ Print Topic ]
Search this thread:
World Seed Supply
Please support our sponsors.

Copyright 1997-2021 Mind Media. Some rights reserved.

Generated in 0.037 seconds spending 0.012 seconds on 15 queries.