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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: jils who wrote (102401)	6/9/2008 7:58:15 PM
From: Spekulatius	Read Replies (1) \| Respond to of 206326

VLO - I am not necessarily condemning you approach but I would be interested why you think that VLO @45$ is such a good entry. Dabum certainly would not approve - VLO chart look like a disaster. From a fundamental perspective I do not see a bright future either - with crude trading where it is domestic demand can only go down and based on historical replacement values (from 2001 to 2003 which i am not sure will provide any floor) VLO could go to 30$. What needs to happens is that some smaller and presumable less efficient refineries need to get out of business so the capacity overhang that is going to build up will be reduced. FWIW I would be interested in what earnings you project in the future, the analyst projections in yahoo look way too high for me - I think that VLO will be happy to make 4$ this year.