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How could you tell?
Today may have something to do with what happen at a hotel near Disney in Paris. It should be in the news. Then again, Disney been tanking too.
I am holding, waiting on that bounce.
Yep, that would be great.
Earnings next week. Will they miss, meet, or beat analyst expectations. Is there a gap between what AAPL guided on the conference call v analyst numbers?
Let's see if could see 103 today.
Its seems like they have to improve their MAU numbers before the stock price will go up.
I want to believe you, but it just been hammered day after day. I like to see it stop.
Didn't they beat on revenues the last couple quarter and did meet on MAU number.
Is the restructuring enough to turn M around? There should be no surprise with earnings, they already came out with the numbers, unless it's worse. Does anyone see this as positive going forward and it's stock price recovering?
Is there a rumor out there AAPL buying TSLA?
It would be great if it could close above $100.
How did you form that opinion? I do want to see it up.
Buyout-Is there a buyout rumor for M?
Hope it works out for you. I am in at $45.
I think it's oversold. Looking for a bounce. It does pay .36 dividend. Some say their real estate is greater than value of the stock.
In my opinion, I would agreed, it is a buying opportunity. I think he is bringing down expectations for the next quarter. MAU numbers needs to improve, but Dorsey probably wants to see that number improve under his watch. They did beat on eps and revenue. We definitely will see tomorrow after everyone has a chance to fully digest the numbers.
Looks that way, what happened, down $3.30 AH.
ZACKS article on earning for VLO.
http://finance.yahoo.com/news/valero-energy-vlo-poised-beat-194507541.html
Citi maintains buy rating on VLO, target price of $74.
Citi Downgrades Refiners: What You Should Know $ALDW $CVRR $HFC $PBF $WNR $CVRR $NTI $PSX $VLO $MPC benzinga.com/analyst-rating...
Do ugly 3Q energy earnings mean a bottom? Top picks here > money.usnews.com/money/pers... $XOM $VLO $UPL $USO $OIL
Earnings is next week, 10/28, do you see vlo meeting expectations. Do you see an ncrease in dividend?
Here is a positive article for VLO.
Gasoline Inventories Fell More than Analysts Expected
Market Realist By Manu Milan
October 19, 2015 8:26 AM
????
Refinery Outage Could Increase Gasoline Prices
Gasoline inventories
The EIA (US Energy Information Administration), in its weekly Petroleum Status Report released on October 15, states that US gasoline inventories fell by 2.6 MMbbls (million barrels) to 221.3 MMbbls in the week ending October 9. Moreover, the American Petroleum Institute released a report on October 14, stating that gasoline supplies fell by 5.0 million barrels. Analysts had expected inventories to fall by 1.65 MMbbls.
Petroleum Administration Districts
According to the EIA report, gasoline inventories in PADD’s (Petroleum Administration for Defense Districts) for the week ending October 9 were as follows:
gasoline inventories in the East Coast region, or PADD 1, slightly rose from 63.2 MMbbls to 63.5 MMbbls
inventory levels in the Midwest region, or PADD 2, were the same, at 46.8 MMbbls
inventory levels in the Gulf Coast region, or PADD 3, fell from 76.9 MMbbls to 74.7 MMbbls
inventory levels in the Rocky Mountain region, or PADD 4, slightly fell from 7.2 MMbbls to 7.0 MMbbls
inventory levels in the West Coast region, or PADD5, saw a slight fall of 0.7 MMbbls and settled at 29.2 MMbbls
Why investors track gasoline inventory data?
Gasoline is one of the important sources of energy used for transportation and inventory levels drive the price of gasoline. Gasoline is produced from crude oil, so the price of gasoline and the price of crude oil are correlated with each other. Hence, investors tend to take a close look at gasoline inventories.
Who gains?
A fall in gasoline inventories that is more than analysts expected could be bullish for gasoline prices. On the other hand, a rise in prices could bring in more revenue for refiners such as Tesoro (TSO), Phillips 66 (PSX), and Valero Energy (VLO). Phillips 66 accounts for 3.2% of the Vanguard Energy ETF’s (VDE) portfolio.
Refiners’ margins are determined by crude oil prices, or USO. A low price for crude oil could reduce the cost of operating for refiners so that more profits could be expected. On the other hand, a higher gasoline price could benefit logistics companies, like Tesoro Logistics (TLLP) and Phillips 66 Partners (PSXP), through a greater volume of gasoline transports.
Gasoline production
Gasoline production rose from ~9.31 MMbpd (million barrels per day) in the week ended October 2, to ~9.62 MMbpd in the week ended October 9. Average gasoline production for the last four weeks was ~9.54 MMbpd for the week ended October 9. That was 1.05% more than the ~9.08 MMbpd average over the corresponding period last year for the week ending October 10, 2014.
U.S. Gasoline Demand 2015-10-16
Enlarge Graph
Gasoline demand
Gasoline demand rose by ~0.18 MMbpd for the week ending October 9. The 8.96 MMbpd in demand in the week ended October 2 rose to 9.137 MMbpd in the week ended October 9. Gasoline demand averaged 9.08 MMbpd over the last four weeks for the week ending October 9. This was ~1% more than the corresponding period last year. In other words, demand was 8.78 MMbpd for the week ending October 10, 2014.
What do demand and production levels imply?
From the above production and demand data, we can notice that production and demand levels seem to be matching each other. Matching production and demand levels build up inventory, but this isn’t the case now as gasoline inventories have fallen, so net trade flows could be the reason for the fall in inventory levels.
Impact on refiners
Rising gasoline consumption and production are potentially bullish for gasoline prices. This could elevate the margins for the refiners such as Marathon Petroleum (MPC), Valero Energy (VLO), Hess Corporation (HES), and Tesoro Corporation (TSO). These companies make up 8.52% of the Vanguard Energy ETF (VDE).
Rising consumption levels could also be positive for midstream MLPs such as Phillips 66 Partners (PSXP) and MPLX LP (MPLX) by increasing the volume of transportation. This could lead to a rise in revenues for these logistic players.
Gasoline production
Gasoline production rose from ~9.31 MMbpd (million barrels per day) in the week ended October 2, to ~9.62 MMbpd in the week ended October 9. Average gasoline production for the last four weeks was ~9.54 MMbpd for the week ended October 9. That was 1.05% more than the ~9.08 MMbpd average over the corresponding period last year for the week ending October 10, 2014.
U.S. Gasoline Demand 2015-10-16
Enlarge Graph
Gasoline demand
Gasoline demand rose by ~0.18 MMbpd for the week ending October 9. The 8.96 MMbpd in demand in the week ended October 2 rose to 9.137 MMbpd in the week ended October 9. Gasoline demand averaged 9.08 MMbpd over the last four weeks for the week ending October 9. This was ~1% more than the corresponding period last year. In other words, demand was 8.78 MMbpd for the week ending October 10, 2014.
What do demand and production levels imply?
From the above production and demand data, we can notice that production and demand levels seem to be matching each other. Matching production and demand levels build up inventory, but this isn’t the case now as gasoline inventories have fallen, so net trade flows could be the reason for the fall in inventory levels.
Impact on refiners
Rising gasoline consumption and production are potentially bullish for gasoline prices. This could elevate the margins for the refiners such as Marathon Petroleum (MPC), Valero Energy (VLO), Hess Corporation (HES), and Tesoro Corporation (TSO). These companies make up 8.52% of the Vanguard Energy ETF (VDE).
Rising consumption levels could also be positive for midstream MLPs such as Phillips 66 Partners (PSXP) and MPLX LP (MPLX) by increasing the volume of transportation. This could lead to a rise in revenues for these logistic players.
Well,it is down again, now $60.32. I was hoping for a run up into earnings. I guess not. Thanks for your analysis.
Do you see a dividend increase? They have increased dividend the last 3 years. If yes, will they announce prior to earnings on 10/28?
Earnings is next week, are you still bullish? Did the drop in oil price hurt VLO today?
I found this info today.
BUZZ-Valero Energy: Cracks appearing
12:45 PM ET, 10/19/2015 - Reuters
** Rising energy inventories and stiff chart resistance threaten to end Valero Energy's outperformance
** VLO up 25 pct YTD vs S&P 500 down 1.3 pct, and S&P 500 Energy Sector down 15 pct
** Although co's Q2 revenue tumbled 28 pct yr/yr, handily beat Street
** Strong refining margins led to 118 pct yr/yr increase in Adj EPS
** Indeed, VLO refineries operated at 96 pct throughput capacity utilization in Q2, and lower energy expense and less maintenance contributed to yr/yr cost savings
** However, with DOE total US motor gasoline inventories and US distillate FO inventories up 11 pct and 35 pct from 2014 lows (Thomson Reuters Datastream), co could face margin pressure
** Street currently calling for 27 pct sequential fall in Q3 revenue and 47 pct yr/yr decline, according to IBES
** Adj EPS expected to be up yr/yr, but essentially flat qtr/qtr
** Analysts skewed bullish with $75.00 median PT
** Technically, VLO appears to have failed as probed its 2007 peak. Chart: http://link.reuters.com/bem85w
** Monthly MACD rolling over after diverging at highs, so pressure can mount on support toward $51.70
** Below here can see VLO spill out of the rising multi-year channel
** Thrusting above $71.86, however, can clear way to $75.00/$80.00 (Messaging: terence.gabriel.thomsonreuters.com@reuters.net)
Anyone has any insight on the price action for VLO today? Market turns positive and VLO sets new LOD. I don't see any news.
We had a nice run on VLO. Earnings on 10/28. Anyone has projections on how far this run up will go. 51 wk high is around 71. How will earning impact stock price.
Another bearish close, not good.
Nice to see the run up!! Any news driving the stock price?
Why is it down so much, when it looks like a new CEO will be named?
Any idea for the big down day, other than down with the market.
2 big down days, any news, or just the market.
It seems like Hillary has taken down the whole healthcare sector.
Any reason for the big decline today?
I hope it will go up after ex-dividend too, if not sooner.
We are down 4%, market down 1.62%, pretty hard to take, as we seem to have been down the last 4-5 days.
Do you have any insight on the decline, or is it just the market?
Can you say why?