Thursday, September 25, 2008

Refineries

VLO - It might be breaking out! Or not. This stock is trading between 31-35 forever. I might have closed my position too early if it breaks out tomorrow. I have been buying VLOCC for 3.8 to 4.2 and selling VLOCC for 5 to 5.5. I like the company and I will certainly buy some calls tomorrow if vlo drops.

TSO - I closed my position today only to see it take off even further.

Among others, fto and wnr are attractive. Look at the revenue and market cap of those companies.

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