Buy refineries - Current crack spread

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Fraser921
Posts: 2995
Joined: Mon Mar 22, 2021 11:48 am

Buy refineries - Current crack spread

Post by Fraser921 »

VLO reported today

They could solve the national debt. 1 quarter Reported net income attributable to Valero stockholders of $4.7 billion, or $11.57 per share

https://investorvalero.com/news/news-de ... fault.aspx

Early June , VLO was 148 then traded down hard to 97 just a week ago. I see $ 120 shortly

I bought all refinery names as they are printing money
Fraser921
Posts: 2995
Joined: Mon Mar 22, 2021 11:48 am

Re: Buy refineries - Current crack spread

Post by Fraser921 »

https://www.energystockchannel.com/3-2-1-crack-spread/

48 bucks , that is awesome

Refinery's clawed back the June losses
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