The site where students compete, learn, and make money Thursday, January 6, 2011
DJIA: -107.24 NASD: 7.69 10-YR: -0.064
 
 
 
 
     
 
     

bulls-eye's Stock Forecast for VALERO ENERGY CP (VLO)

Submitted by bulls-eye on Thu, 06/19/2008 - 17:54.

Stock

Valero Energy Cor (vlo)

Target

From $44.13 to $55.00

Target Date

12/31/2008

Current Price

$23.78 (-131.29% from goal)
Negative progress made toward goal
Market Outlook: Bullish
Top 3 Stocks: ba,gol,ewm
College: Catholic University

Authority:
7.83 (?)

Thesis:

Recent estimates by Goldman put this year's earnings at like 6x the current price. Crack spreads will begin to ease.

even cheaper now!

even cheaper now!

I completely disagree

The dollar is materially broken out the upside which is taking the wind out of oil, which means crack spreads should widen out which benefits Valero. Today it has a PE of 7.32 it is very very cheap!

nope

i think this forecast is all but kaput