Mid-Continent Refining Keeps Profiting
Valero Energy punctuated a fantastic 2012 with a remarkable fourth quarter, trouncing analyst estimates with a non-GAAP EPS of $1.88 and operating income of $1.6 billion. The outstanding performance was the result of the firm securing discounted crude for all of its refineries in addition to selling its refined product into high margin areas. With the Seaway Pipeline now reversed, worries arise that Valero's competitive advantage will wane, but Valero has taken steps to secure the cheap feedstock for the long term. Check out the video below for more information on Valero's quarter and what to expect from mid-continent refiners in the near term.
There are many different ways to play the energy sector, and our analysts have uncovered an under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations, and poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this under-the-radar company before the market does. Click here to access your report -- it's totally free.
The article Mid-Continent Refining Keeps Profiting originally appeared on Fool.com.Joel South has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.