Beanie11111: VLO is the only oil stock i would own.

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Location: USA

The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Tuesday, September 26, 2006

VLO is the only oil stock i would own.

Hey, if i ever want to know how they're really doing, all i have to do is drive around my neighborhood.

Incidentally, whenever my car is out of gas i visit more VLO gas stations than any other. I know that's the place i would want to park my money.

VLO bottomed.

3 Comments:

beanie11111 said...: I am very confident the stock will take out $50 tomorrow.

You might want to own some for your 401K as well.; Wed Sep 27, 12:00:00 AM EDT
beanie11111 said...: Does anyone know who won the boxing match of Steve Forbes vs. Grady Brewer? It was on Tuesday nite but i missed the last 50% of the show.; Wed Sep 27, 03:27:00 AM EDT
beanie11111 said...: omg, do analysts read my blog??? lol

"Citigroup Smith Barney AM Call

9-27-06

Upgrading MRO, SUN, and VLO to BUY

"We are taking a more positive view on the US oils and refiners. After several months on the sidelines we believe the refining led collapse in oil prices is overdone and has taken valuations to levels where further downward revisions to earnings is largely discounted. The collapse in US refining margins has been the catalyst for the near $15 fall in oil prices, a conclusion supported by our proprietary Multi-Factor Regression (ManuFactuRer) model. While seasonal weakness is to be expected for refining margins, in 2006 we believe this has been exaggerated by fuel specification that have amplified the price impact arising from the switch from summer to winter gasoline. But a significant factor is the impact of technical factors as funds terminate positions in redundant gasoline contracts. The phase out of RFG contracts by commodity funds such as GSCI is the most obvious example which started the slide in gasoline prices since July-12th. We believe this overhang is temporary and once removed, will allow improving fundamentals to underpin a recovery in margins - and with it, stabilize oil prices. The most obvious risk of a more
positive sector view is that negative earnings revisions still lie ahead. But after recent performance we believe this is largely discounted." "; Wed Sep 27, 05:03:00 AM EDT