Comments on: Valero: A valuation almost too good to be true

By: Seeking Alpha : Why I'm Sticking with Valero

Seeking Alpha : Why I'm Sticking with Valero — Wed, 10 Jun 2009 13:31:07 +0000

[...] even put Bill on the “Wall of Shame.” Is this all an over reaction or was I wrong about my purchase of Valero earlier in the year? Is Valero not truly a value, but a dreaded value trap?Complete Story » [...]

By: Valero: value or value trap?

Valero: value or value trap? — Wed, 10 Jun 2009 01:30:45 +0000

[...] even put Bill on the “Wall of Shame.” Is this all an over reaction or was I wrong about my purchase of Valero earlier in the year? Is Valero not truly a value, but a dreaded value [...]

By: The Wild Investor

The Wild Investor — Thu, 08 Jan 2009 23:30:48 +0000

Even if Valero has the best fundamentals, technicals, or whatever, the pain I went through has they plummeted put them on my blacklist.

By: Dan Hung

Dan Hung — Thu, 01 Jan 2009 16:33:20 +0000

Apologies. I should have been more clear about the source of values used in my analysis. The $1.25 billion value was based on estimates cited by another blog – http://epiphanyinvesting.com/2008/12/03/valero-pulls-two-refineries-off-the-market-as-bidders-vanish-vlo/.

For other readers, please do not take the “listing price” that I have in my analysis as the official price that Valero was hoping to sell its Aruba facility at. My goal in this analysis, as mentioned, was to be more directionally correct than necessarily exact. Thus, I use what is hopefully a very conservative current value for the liquidation value of Valero’s assets.

By: Ashley Smith

Ashley Smith — Thu, 01 Jan 2009 15:51:28 +0000

Will you please explain where you obtained your $1.25 billion value for the “Aruba listing price” in your article? I was surprised to see you make that statement considering the company has never provided such information.

Thank you,

Mr. Ashley M. Smith, CPA, CFA
Executive Director – Investor Relations
Valero Energy Corp.
210-345-2744