News Topic - Valero Energy
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Oil Refiners: Cheap for a Reason
With gasoline and diesel fuel prices where they are, it figures you'd have gigantic moves in the shares of independent oil refiners. Consider some of these price moves over the past year: Frontier Oil (symbol FTO ) 28%. Valero Energy ( VLO ) 40%. Tesoro ( TSO ) 63%. Alon USA Energy ( ALJ ) 64%....
Washington Post – May 12, 2008 04:00 AM [GMT] ¦ comment?
found in Business: Personal Finance
With gasoline and diesel fuel prices where they are, it figures you'd have gigantic moves in the shares of independent oil refiners. Consider some of these price moves over the past year: Frontier Oil (symbol FTO ) 28%. Valero Energy ( VLO ) 40%. Tesoro ( TSO ) 63%. Alon USA Energy ( ALJ ) 64%....
Washington Post – May 12, 2008 04:00 AM [GMT] ¦ comment?
found in Business: Personal Finance
Valero deal hints at room for takeovers
Valero Energy's deal this week to sell a Louisiana refinery at a lukewarm price highlights the refining industry's margin troubles, but it also signals that financing may be more readily available for deals in the booming energy and commodities sector
Financial Times – May 9, 2008 6:14 PM [GMT] ¦ comment?
found in Business: Companies
Valero Energy's deal this week to sell a Louisiana refinery at a lukewarm price highlights the refining industry's margin troubles, but it also signals that financing may be more readily available for deals in the booming energy and commodities sector
Financial Times – May 9, 2008 6:14 PM [GMT] ¦ comment?
found in Business: Companies
MTBE Settlement Could Grow if More Contamination Is Found
Major oil companies' multimillion-dollar payment to 153 public water systems to cleanse wells of a potentially carcinogenic gasoline additive could grow if more tainted wells are discovered over the next 30 years. Companies including ConocoPhillips, Chevron, BP PLC's BP America, Royal Dutch Shell PLC's Shell Oil, Valero Energy and Marathon Oil agreed to pay $422 million to settle lawsuits claiming wells were contaminated by MTBE, a chemical that was once a key gasoline ingredient.
Law.com – May 9, 2008 03:20 AM [GMT] ¦ comment?
found in Business: Law and Taxation
Major oil companies' multimillion-dollar payment to 153 public water systems to cleanse wells of a potentially carcinogenic gasoline additive could grow if more tainted wells are discovered over the next 30 years. Companies including ConocoPhillips, Chevron, BP PLC's BP America, Royal Dutch Shell PLC's Shell Oil, Valero Energy and Marathon Oil agreed to pay $422 million to settle lawsuits claiming wells were contaminated by MTBE, a chemical that was once a key gasoline ingredient.
Law.com – May 9, 2008 03:20 AM [GMT] ¦ comment?
found in Business: Law and Taxation
Valero selling refinery in deal worth up to $433 mln
NEW YORK (MarketWatch) -- Valero Energy Corp. on Thursday said it's selling its 85,000 barrel-per-day refinery in Krotz Spring, La. to Alon USA Energy Inc. in a deal worth up to $433 million. The price includes $333 million plus an earn-out provision value at more than $100 million. "This transaction is consistent with our strategy to concentrate on our core refineries where we see higher returns for the long run," Valero said. Valero reiterated plans to possibly sell refineries in Aruba, Memphis, Tennessee and Ardmore, Oklahoma. J.P. Morgan Securities Inc. acted as exclusive financial adviser to Valero on the Krotz Springs transaction. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – May 8, 2008 1:21 PM [GMT] ¦ comment?
found in Business: Markets
NEW YORK (MarketWatch) -- Valero Energy Corp. on Thursday said it's selling its 85,000 barrel-per-day refinery in Krotz Spring, La. to Alon USA Energy Inc. in a deal worth up to $433 million. The price includes $333 million plus an earn-out provision value at more than $100 million. "This transaction is consistent with our strategy to concentrate on our core refineries where we see higher returns for the long run," Valero said. Valero reiterated plans to possibly sell refineries in Aruba, Memphis, Tennessee and Ardmore, Oklahoma. J.P. Morgan Securities Inc. acted as exclusive financial adviser to Valero on the Krotz Springs transaction. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
MarketWatch.com – May 8, 2008 1:21 PM [GMT] ¦ comment?
found in Business: Markets
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