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Compiling comments that experts make about stocks while on public TV.

2017-01-10

Opinion for Valero Energy Corp (VLO-N)

Signal Price Bias Subject Owned
TOP PICK $66.530 UNKNOWN NORTH AMERICAN - LARGE Yes

Refining doesn’t have anything to do with the price of oil, it has to do with crack spreads and refining margins. One of the things that has been absolutely killing refiners in the last 3-4 years is the RIN legislation of the Obama administration, requiring them to pay for renewable credit every time they produced gasoline and diesel fuel. The new administration is likely to change all that, and dramatically improve profitability. Dividend yield of 3.55%. (Analysts’ price target is $72.29.)

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management

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