Valero Energy Corp. (NYSE: VLO) did manage to beat earnings, at least if you consider a two-penny beat versus a wide loss after a warning as a beat. The refiner’s loss came…
Douglas A. McIntyre Oil exploration and refining companies are natural enemies of alternative energy. Wind power, nuclear power, clean coal, and solar could all undermine the value of crude in world markets. Oil companies have…
Douglas A. McIntyre Reuters: GM will accept product liability on cars it has built in the past. Reuters: Obama could consider a second stimulus if necessary. Reuters: Rising office availability in NYC is slowing. Reuters: …
We keep getting asked a single question from readers and from our own industry and professional contacts: Are Oil Stocks Cheap? There is a very simple answer in today’s markets: Oil stocks…
Reuters: Fiat closed its deal for control of Chrysler. Reuters: California may be hit by an economic “meltdown.” Reuters: May foreclosures were third highest month ever recorded. Reuters: The US named a…
Valero Energy Corp. (NYSE: VLO) may have caused some irreparable harm to itself and to shareholders this week. Losing money is just not something that the investing public was ready to stomach. …
A (very) small cap ethanol producer, Green Plains Renewable Energy Inc. (NASDAQ: GPRE), has agreed to buy two ethanol plants formerly owned by now-bankrupt VeraSun Energy Corp. The owner of the plants…
This week’s report from the Energy Information Administration noted that “strong supply availability from refiners now running at low utilizations in both Europe and the U.S. is likely to moderate gasoline price…
The best thing to say about the 2009 first quarter at refiner Valero Energy Corporation (NYSE:VLO) is that it was better than the first quarter a year ago. Refining margins are higher…
There has been a never-ending battle between rapidly changing energy prices and the effect on margins at refineries. Since the beginning of the year, the best-performing crude oil refiner has been Western…
Fitch Ratings published a short report on the effect of the compression in crude oil spreads on refiners. We looked at this phenomenon about a month ago. Fitch concludes that the “relative…
Douglas A. McIntyre Valero Energy Corp. (NYSE:VLO) has won the auction for seven ethanol plants formerly owned by VeraSun Energy Corporation (VSUNQ), which is now in Chapter 11 bankruptcy. Valero will pay $477 million for…
This week 24/7 Wall St. is picking several stocks from major sectors that are likely to double off of their lows. The time frame is by the end of 2010, which is…
For the past couple of years, diesel fuel prices have been higher than gasoline prices. In the US, that is a real anomaly. Now, industry observers are predicting a return to normalcy,…
Valero Energy Corp. (NYSE:VLO) has submitted a “stalking horse” bid for six properties offered by VeraSun Energy Corp. (formerly NYSE:VSE) as part of VeraSun’s bankruptcy sale. All told the six plants have…
Douglas A. McIntyre 