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Gold/Mining/Energy : VLO: Valero Energy Corp. -- Ignore unavailable to you. Want to Upgrade?

To: tripperd2 who wrote (231)	9/11/2007 1:21:15 PM
From: carranza2	Respond to of 299

Haven't started yet, but I am looking for the low 60s, high 50s.

To: tripperd2 who wrote (231)	10/7/2007 1:49:25 PM
From: carranza2	Read Replies (2) \| Respond to of 299

GS recently downgraded VLO's earnings for '07 but still has them at $13+ for '08. I thought we'd see a sharper decline when this happened a few days ago because the $13 figure has to be somewhat soft, but it didn't happen. For a LTBH position, I'd add anywhere in the low $60s, a price I think we'll see in '08 as US growth is likely to slow. Long term, things look very good indeed. T. Boone Pickens likes VLO a lot, an awfully good recommendation.