SOURCE: StockCall

StockCall

December 15, 2010 09:01 ET

Equity Research on Frontier Oil Corp. and Valero Energy Corp. - Crude Oil Prices Down, Domestic Refineries Up

JOHANNESBURG, SOUTH AFRICA--(Marketwire - December 15, 2010) - www.stockcall.com/ offers investors comprehensive research on the oil & gas refining & marketing industry and has completed analytical research on Frontier Oil Corp. (NYSE: FTO) and Valero Energy Corp. (NYSE: VLO). Register with us today at www.stockcall.com/ to have free access to these researches. 

Crude oil refineries got a bit of reprieve this week as the price per barrel fell 33 cents to $88.28 on the New York Mercantile Exchange. As recently as December 7th, crude oil was trading at $90.76 a barrel, the highest it has been since October 2008. The drop in price is currently being credited to the Federal Reserve announcing that it would continue its dollar strengthening plan to buy $600 billion in Treasuries by June, 2011. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the oil & gas refining & marketing industry.

www.stockcall.com/ is an online platform where investors doing their due-diligence on the oil & gas refining & marketing industry can have easy and free access to our analyst research and opinions on Frontier Oil Corp. and Valero Energy Corp.; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

Domestic refineries are pleased with the recent drop in price as increased demand and greater international competition had been driving the bidding up for crude oil lately. As the price per barrel bidding increases, the profit margins for domestic-refiners decreases. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

Greater demand for refined products works for and against domestic refineries in a sense that they welcomed the expanded need for their product but not the higher crude oil prices that come with it. At the moment, demand for crude oil has been outpacing supply by more than 900,000 barrels a day since May. 

Looking at the earnings portfolio for the third quarter 2010 for some of the industry players, Frontier Oil Corp. posted net income of $8.3 million with refined products margins improving in the quarter due to better demand domestically. Frontier Oil Corp. research report is accessible for free by registering today at www.stockcall.com/FTO151210.pdf

Conversely, Valero Energy Corp. saw profits of $292 million on a revenue increase to $22.2 billion. Valero Energy Corp. research report is available for free by signing up now at www.stockcall.com/VLO151210.pdf

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