Google Finance: Valero Energy Corp.

Message from discussion What's happening with VLO

ripcats

More options Jun 30, 3:32 pm

From: ripcats <ripc...@gmail.com>

Date: Tue, 30 Jun 2009 12:32:09 -0700 (PDT)

Local: Tues, Jun 30 2009 3:32 pm

Subject: Re: What's happening with VLO

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Valero on June 2 AMC gave Q2 guidance of -.50... until then, analyst
estimates had been in the range of about .70 cents a share (if memory
serves)... that's a huge adjustment to make on share price.

http://online.wsj.com/article/SB124406968071982893.html

On Jun 29, 10:17 am, NewDelhi <kennbartl...@gmail.com> wrote:

> I was reading this article:

> "Valero recently reported its first quarter 2009 results. The company
> announced that its net income was 59 cents per share, compared to 48
> cents per share in the first quarter of 2008. “We reported positive
> earnings despite weaker demand,” said Bill Klesse, Valero’s Chairman
> of the Board and Chief Executive Officer. “In fact, our first quarter
> 2009 earnings per share were 23% higher than the first quarter of
> 2008, and 64% higher if you exclude last year’s insurance recovery. In
> all our regions, gasoline margins were unseasonably strong and nearly
> double the level in the same quarter last year. Diesel and jet fuel
> margins were also good in the first quarter despite being down from
> last year’s high levels."

> ...... and wondering why there isn't better price action in VLO. The
> rise in Oil prices perhaps??? Going into the summer season with the
> economy starting to recover and hurricanes coming I can't imagine this
> stock goes much lower.

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