Valero At Earnings: Use Options To Hedge Against The Bearish Trend
By John Mylant: There are many investors, analysts, and writers bullish on Valero (VLO). Still in a downward trend, but considered much undervalued by the numbers, it may be a good investment. But we are of the opinion that the stock should be hedged against loss by investors until a bottom is defined.(Click chart to expand) Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Retail and Ethanol. The Refining segment engages in refining, wholesale marketing, product supply and distribution, and transportation operations. This segment produces conventional gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants and other refined products, as well as a slate of premium products, including conventional blendstock for oxygenate blending, reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board (CARB), CARB diesel fuel Presently, VLO is in a down trend that started fromComplete Story »
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