Valero’s 98% Capacity Run Rate and California Exit Have Reddit Turning Bullish
Corroborated by 1 source from 1 publisher
usworld3h ago
TL;DR
According to finance.yahoo.com, quick Read - - Valero’s Gulf Coast coker infrastructure gives it a structural advantage processing discounted Venezuelan and Canadian heavy crude as global geopolitical tensions tighten feedstock competition, though forward valuations at 19x P/E assume continued execution at near-record refining margins in a tightening crude price environment.