Any VLO traders here?

W

walter4

Looks like the company is going to miss the earnings, gasoline contracts being dumped big time and crack spread down from $19 to $5.

Any VLO veterens here? I'd like to get some opinion and share trading ideas.

Thanks
 
I agree- price looks tempting.. But what about the crack spread? From $19 to $5 in 3 weeks. Can it go lower? I remember the Feb under $3 cracks - VLO went to $49 at the time.

I'm wondering if price of gasoline is being manipulated (to tank the refining sector).

Any gasoline experts here? Comments/advice will be much appreciated!
 
crack spread is the spread between gasoline and oil. since VLO is a refiner it benefits when the spread is wider, as opposed to an integrated, which has exposure to both crude and gasoline.
 
Are you an investor or a trader? As a trader, I don't really care about the fundamentals or the crack spread, but rather what my technical indicators tell me. Right now, my indicators say buy.

As an investor, I might be concerned about the crack spread, which for VLO, isn't as important as they are a refiner of sour crude, not the light sweet like many other refiners.

All I can tell you is this: don't book any carribbean cruises this fall. Hope that helps.
 
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