Search Results for: VLO
Tesoro Corporation (NYSE: TSO) is set to have its Initial Public Offering this week for its Tesoro Logistics LP (NYSE: TLLP). Tesoro is looking to move to a more of a pure-play and moving to unlock...
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There are more than 200 ethanol refineries in the US with a total nameplate production capacity of nearly 15 million gallons/year. One of the largest producers, privately-held Cargill, plans to add a...
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The tax bill negotiated between President Obama and Republican legislators reportedly contains an extension to the various government supports for ethanol producers. The Renewable Fuels Association...
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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 meant to coincide with some form of...
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Valero Energy Corp. (NYSE:VLO) said that tighter refining margins are going to cause the company to miss earnings expectations. The new range of earnings expectations from the company is $1.30...
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Valero Energy (NYSE:VLO) today released a presentation it will be making at the Lehman Brothers (NYSE:LEH) Energy and Power Conference later this week. The presentation put a bit of meat on the bone...
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Lower oil prices were supposed to be good for the refiners. Yesterday, Marathon Oil Corporation (NYSE:MRO) released its interim update for the fourth quarter of 2008. Today, Tesoro Corporation...
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In the international diplomatic game of tit-for-tat, the Chinese ministry of commerce has said it will begin an investigation into US dumping of livestock feed on China’s farm market. Earlier this...
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The corn ethanol industry in the US has received some $41 billion in federal subsidies since 1980. This year alone, federal subsidies are expected to total about $7.6 billion. As the federal budget...
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Today’s earnings report from Archer Daniels Midland (NYSE:ADM) not only missed analyst’s targets, but may have missed the broad side of the barn. Analyst expected EPS of $0.67, and got EPS of...
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The U.S. Department of Energy has released its weekly oil inventory data showing a build up in crude inventories as expected. The rise came to +2.128 million barrels of crude oil to 381.64 million...
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These are this Wednesday’s top early-bird analyst downgrades and cautious research calls out of Wall Street: Agco Corp. (AGCO) Cut to Underweight at JPMorgan. Apartment Investment &...
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Reuters is reporting that ExxonMobil Corp. (NYSE:XOM) plans to sell the 1,400 retail outlets it owns and the 820 it operates over the next several years. The company doesn’t want to fool around...
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In March 2009, the five ethanol-producing plants owned by a subsidiary of Pacific Ethanol, Inc. (NASDAQ: PEIX) filed for bankruptcy protection. The plants exited bankruptcy in June 2010, under...
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In the week ended September 16th, the US exported more refined products than it imported. Year-over-year, the US is now exporting 714,000 barrels/day more refined products than it is importing. The...
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