Special Energy Indicator Points Toward Higher Gas Prices and a Potential 467% Profit Play
Jun 13th, 2008 | By Keith Fitz-Gerald | Category: Oil Investment & Alternative Energy- Valero Energy Corp. (VLO): The San Antonio, Tex.-based Valero Energy owns and operates a total of 17 refineries spread across the United States, Canada and Aruba, and its products run the petrochemical gamut. At yesterday’s closing price of $44.42, Valero’s shares are down 44% from their 52-week high of $78.68. A return to that 12-month peak would represent a gain of 77%.
- Holly Corp. (HOC): The Dallas, Tex.-based Holly is another independent petroleum refiner that focuses on such “light” products as gasoline, diesel fuel and jet fuel. It operates several refineries, about 900 miles of crude-oil pipelines, and a number of other operations. At yesterday’s closing price of $40.44, Holly’s shares are down 50% from their 52-week high of $80.55. If the shares were to bounce back to that 12-month peak from yesterday’s close, investors would reap a return of 99%.
Clearly, these aren’t “slam-dunk” stock picks. But volumes are going up and many of the sector players have been beaten down to bargain-basement levels not seen in years.
Besides, for a shot – even a long shot – at a 467% gain, investors can afford to be somewhat patient.
Source: Special Energy Indicator Points Toward Higher Gas Prices and a Potential 467% Profit Play
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Keith Fitz-Gerald is a Contributing Editor to Money Morning, as well as Investment Director of the Money Map Report and editor of the New China Trader. He is also a seasoned market analyst known for his accuracy, perspective and insight. He is also a former professional trader and licensed CTA advising institutions and qualified individuals, and he specializes in non-directional trading.
you must be creaming in your jeans in hopes that gas goes to 7 or 9 dollars a gallon as you recruit more of you money pig speculators to screw our nation by driving up oil prices. how many bmw’s or beach homes are enough. fuck you asshole.