VLO: Valero Energy Corp. Message Board

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

VLO 180.88

+0.9%

3:59 PM EST

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To: Paul Senior who wrote (205)	7/11/2007 9:34:46 AM
From: carranza2	Read Replies (1) of 299

I had a similar experience with VLO. Bought for the first time in the 48 range, then sold in the 74s. My thinking was that I should take profits, etc. The more I studied the matter, however, the more convinced I became that well-managed domestic refiners and integrated producer/refiners present an investment opportunity of a lifetime, one I liken to buying CSCO or INTC in early 1998. I therefore got over my seller's regret and bought back all my VLO in the same range at which I sold and have added since then. There are of course risks, but risk/reward is amazing. Oil at 70 is a joke. It will be at 100 before we know it, with very healthy crack spreads in place.

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