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Gold/Mining/Energy : VLO: Valero Energy Corp.
VLO 179.45-0.8%12:49 PM EST

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To: carranza2 who wrote (198)6/27/2007 4:27:23 PM
From: manalagi   of 299
 
A few months ago S&P downgraded Valero to sell, and the stock just kept climbing. Oil prices are rebounding to upper 60's, and the resiliency of VLO is amazing. As a matter of fact, this downgrade is a gift to get more at 71's. Still have 65 Jan 08 puts which are positive right now.

Remember I mentioned about SCEY, Sun Cal Energy? It is currently trading at $ 3 but has potential. The company has a working relationship with Marathon Oil. Yesterday I bought some shares with my gambling money:

Sun Cal Energy Rated 'Speculative Buy/4' With 12-Month Target Valuation Of $4 By Investrend Affiliate SISM Research

biz.yahoo.com
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