JoseCuervo
New member
NOt sure that Valero is the norm, but if you remember, right, they were put together by purchasing lots of refineries at pennies on the dollar when nobody wanted anything to do with that business. And they now have managed to upgrade and improve their older facilities to a point where they are generating quite a bit of free cash flow. And, thankfully they return lots of that to their investors, buying back about 20% of their stock whilst increasing the dividend as you mentioned AND bringing new capacity online and making big investments.
I don't see the refiners being the ones with the unfair profits. More the explorers and drillers, or so it seems.
But yes, I DO support Big Oil's interests. I need the outsized rates of return to pay for my fuel bills. Have you whipped out the credit card to pay $4.50 a gallon for Jet Fuel lately?
I don't see the refiners being the ones with the unfair profits. More the explorers and drillers, or so it seems.
But yes, I DO support Big Oil's interests. I need the outsized rates of return to pay for my fuel bills. Have you whipped out the credit card to pay $4.50 a gallon for Jet Fuel lately?