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Gold/Mining/Energy : VLO: Valero Energy Corp.
VLO 175.74-1.0%3:59 PM EST

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From: Paul Senior8/29/2006 11:06:24 AM
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Sold a little GI on buyout, bought a little more VLO today.

Of the independent refiners that I follow, VLO has the lowest forward p/e (according to Yahoo). 7.7x. That's low enough for me to add a few more shares.

I've no opinion regarding prospects for crack spreads or sour crude. I just hope VLO can continue its profitable ways.
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