VLO Has Been So Hot. And Yet, You Wonder if the Market
which takes a long time to process information (cognitive conservatism?), has not really grasped the Heavy Crude situation, reflected each week in the Gasoline and Distillates numbers in the US inventories reports (EIA and API). I have been working with a broad-based, oil-ignorance theme, which I still see as running strong between the typical, polarized garbage about Peak Oil vs. "We're Awash in Crude!"
(The Heavy Sour in fact appears to be piling up like manure. But of course, they make no distinction on "TV" between it, and WTI.)
VLO strikes me as a 140.00 dollar stock. But the US equity markets could underprice it for a long, long time.
My question is, what is the catalysts to literally force the market to more properly value VLO higher?
Also, any ideas on current long bondholders/short VLO stock gyrations?
Cheers,
LP |
