DINO - Strategically Taking Profits In Valero (Even Though There Could Be Upside Left)
- I have been overweight Valero and other refiners since 2020.
- Those positions have since provided triple digit total returns.
- Because Valero is deeply cyclical, I have taken profits, but I still hold my other refiner positions.
- Taking profits now is mostly a type of portfolio rebalancing on my part, because Valero still probably has some upside left.
- I share the thinking behind both my initial Valero purchases and my recent sales, along with my wider portfolio strategy.
For further details see:
Strategically Taking Profits In Valero (Even Though There Could Be Upside Left)