VLP - Valero: Cheap High Dividend Yield And Insider Buying
Tact is the ability to step on a man's toes without messing up the shine on his shoes.”
- Harry S. Truman
This week, the U.S. announced sanctions on Venezuelan state-owned oil firm PDVSA. According to the Treasury Department, this action will affect PDVSA’s U.S.-based oil refinery company Citgo, but will have a minimal effect on U.S. refineries. However, it is likely to be somewhat of a "headline" risk to this sector of the market in the weeks ahead.
The largest North American refiner found itself under pressure in the fourth quarter of last