Replies to post #10711 on The Rising Influence of Rising Affluence

[Timothy Smith]

$VLO $HFC Refiners have been one of the biggest beneficiaries of the slump in oil prices.

More than 50% decline in crude prices since last summer has not only lowered the input costs for companies such as Valero (NYSE:VLO) and HollyFrontier Corp. (NYSE:HFC), but cheap oil, coupled with improvements in labor market, has also lifted the gasoline demand.

Not surprisingly, the refiners have been one of the strongest performing stocks this year.

WILL IT LAST?

[flatlander_60048]

Kind of weird but SBS seems to have found a bottom and has been rallying slightly since the downgrade. What is the axiom about all the bad news being priced in.


It also could be totally non related. Sao Paulo is on track for a very wet September. So a lot of the drought fears are subsiding. This is a welcome time for a strong El Nino weather pattern.

FL

[alexed]

Pimco, Fidelity Stung by Collapse of Petrobras's 100-Year Bond
http://www.bloomberg.com/news/articles/2015-09-14/pimco-fidelity-stung-by-collapse-of-petrobras-s-100-year-bond?cmpid=yhoo

Brazil Downgrade Leaves Firms With $270 Billion Debt Hangover
http://www.bloomberg.com/news/articles/2015-09-14/brazil-downgrade-leaves-firms-with-270-billion-debt-hangover?cmpid=yhoo