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EIA: Crude Supplies Jump Further - Analyst Blog
Thursday, January 27, 2011 - 9:53am | 797The U.S. Energy Department's weekly inventory release showed a steep build in crude and gasoline stockpiles, while refinery run-rates decreased from the previous week. The agency's report further added that distillate supplies logged a smaller-than-expected decline. The Energy Information...
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Citi Has Buy On Valero (VLO)
Thursday, January 27, 2011 - 8:20am | 147Citi Investment Research has a Buy rating and a $29 price target on shares of Valero Energy Corporation (NYSE: VLO). In a note to clients, Citi says, "After the Paulsboro and Cameron Pipeline deals ($877 mm), VLO ended the year with $3.3 bn in cash. We believe a deal in Western Europe is on the...
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Oil & Gas Industry Outlook - Jan. 2011 - Industry Outlook
Thursday, January 27, 2011 - 1:00am | 2471OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...
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Oil & Gas Industry Outlook - Jan. 2011 - Zacks Analyst Interviews
Thursday, January 27, 2011 - 1:00am | 2471OUTLOOK Crude Oil The improving economic scene, both here in the U.S. as well as worldwide, had been the main driver of the oil rally that saw the commodity zoom past the $90 per barrel level earlier this year. However, apprehensions about high U.S. crude stocks and worries that China might tighten...
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Valero Beats Zacks Estimates - Analyst Blog
Wednesday, January 26, 2011 - 5:01pm | 822Valero Energy Corporation (VLO) posted fourth quarter earnings from continuing operations of 40 cents per share (excluding non-recurring items), well above the Zacks Consensus Estimate of 35 cents. It also reversed last year's loss from continuing operations of 23 cents. Results were mainly...
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Valero Beats Zacks Estimates - Analyst Blog
Wednesday, January 26, 2011 - 4:30pm | 822Valero Energy Corporation (VLO) posted fourth quarter earnings from continuing operations of 40 cents per share (excluding non-recurring items), well above the Zacks Consensus Estimate of 35 cents. It also reversed last year's loss from continuing operations of 23 cents. Results were mainly...
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Options Brief: Western Refining, Inc. (WNR)
Wednesday, January 26, 2011 - 4:04pm | 92Shares of Western Refining, Inc. (NYSE: WNR) are higher on the session by 7.40%, trading at $11.03. Overall call volume is now running at 2.11x the daily average, with 80% of all calls traded being purchases on the offer. 3,383 contracts have traded on the session so far. Western Refining, Inc. an...
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Pre-Market Movers: (AUDC),(VLO),(FCFS),(RVSN),(ABB),(ARMH),(JNPR),(FTNT)
Wednesday, January 26, 2011 - 9:48am | 66Pre-Market Movers: (AUDC),(VLO),(FCFS),(RVSN),(ABB),(ARMH),(JNPR),(FTNT)
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Valero Energy Corporation Reports Q4 EPS of $.32 vs. $.35
Wednesday, January 26, 2011 - 8:54am | 94Valero Energy Corporation (NYSE: VLO) today reported income from continuing operations of $180 million, or $0.32 per share, for the fourth quarter of 2010, compared to a loss from continuing operations of $131 million, or $0.23 per share, for the fourth quarter of 2009. The fourth-quarter 2010...
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Tesoro Corporation (TSO) - Bull of the Day
Wednesday, January 26, 2011 - 3:01am | 177Buoyed by favorable trends in the refining industry along with company initiatives to improve reliability and reduce operating costs, we are upgrading Tesoro Corporation (TSO) shares to Outperform from Neutral. An uptick in economic activity overseas and prospects for stronger fuel demand in the...
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Tesoro Corporation (TSO) - Bull of the Day
Wednesday, January 26, 2011 - 1:00am | 177Buoyed by favorable trends in the refining industry along with company initiatives to improve reliability and reduce operating costs, we are upgrading Tesoro Corporation (TSO) shares to Outperform from Neutral. An uptick in economic activity overseas and prospects for stronger fuel demand in the...
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Valero Energy Corporation Appoints Two New Directors
Tuesday, January 25, 2011 - 5:37pm | 38Valero Energy Corporation (NYSE: VLO) announced today that Randall J. Weisenburger and Rayford Wilkins Jr. have been elected to the company's board of directors, bringing the number of directors to 11.
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Valero Energy Corporation Declares Dividend of 5 Cents
Tuesday, January 25, 2011 - 5:09pm | 50The Board of Directors of Valero Energy Corporation (NYSE: VLO) has declared a regular quarterly cash dividend on the company's common stock of $0.05 per share. The dividend is payable on March 16, 2011 to holders of record at the close of business on February 16, 2011.
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Tesoro Upgraded to Outperform - Analyst Blog
Tuesday, January 25, 2011 - 1:31pm | 528Buoyed by favorable trends in the refining industry along with the company's initiatives to improve reliability and reduce operating costs, we have upgraded independent refiner Tesoro Corporation (TSO) to 'Outperform' from 'Neutral'. An uptick in economic activity overseas (mainly in China and...
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Calls Purchased on Clean Energy Fuels Corp. (CLNE)
Tuesday, January 25, 2011 - 1:06pm | 139Shares of Clean Energy Fuels Corp. (NASDAQ: CLNE) are lower on the session by 0.81%, currently trading at $13.16. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name...