VLO: Valero Energy Corp. Message Board

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Gold/Mining/Energy : VLO: Valero Energy Corp.

VLO 177.51

-1.9%

Nov 12 3:59 PM EST

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From: carranza2	10/7/2006 11:00:46 AM
	Read Replies (2) of 299

And a very good analysis; shows why VLO is so beautifully positioned. And at a 5-6 p/e, sweet! I mean sour. vbg I am having a very difficult time explaining to myself why a well-managed, apparently honest, company with a decent balance sheet which is on a fairly aggressive share buyback program, is treated by Wall St. worse than some really sleazy, honesty-challenged mutts like BRCM. I don't know if it is mentioned here, but 80% of China's refining capacity is for sweet oil. It is increasing its sour capacity, but that will take time. Ditto India. icfi.com

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