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Stock Market & Financial Investment News

News Breaks
June 25, 2014
11:18 EDTVLOValero falls with peers after U.S. widens oil export potential, levels to watch
The stock gapped down along with its peers after news the U.S.plans to widen exports of oil. The concern is that having to compete with foreign buyers for crude may increase the cost basis for refiners and lower profits. At the current price of $50.86, shares are not trading far from the low of the day at $50.15. The $50 level is an important one for the shares as a move below would confirm a major top in share price as most clearly seen on a 1-year daily chart. Resistance is at $51.89.
News For VLO From The Last 14 Days
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January 23, 2015
13:41 EDTVLOValero increases quarterly dividend by 45%
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January 21, 2015
07:14 EDTVLOCitgo scraps auction process, to raise debt instead, WSJ reports
The auction for Venezuelas Citgo Petroleum, which drew interest from Marathon Petroleum (MPC), HollyFrontier (HFC), Valero Energy (VLO) and private equity firms, has been called off, said The Wall Street Journal, citing people familiar with the matter. Citgo will still seek to raise $2.5B in debt at this point and could restart its sales process later, the report added. Reference Link
January 16, 2015
07:40 EDTVLOWolfe Research to hold a conference
1st Annual Oil & Gas 1:1 Refining Conference is being held in Boston on January 16.
January 13, 2015
10:00 EDTVLOOn The Fly: Analyst Upgrade Summary
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07:22 EDTVLOValero upgraded to Overweight from Neutral at JPMorgan
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January 12, 2015
07:38 EDTVLOValero valuation likely to rise, says Wells Fargo
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