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home / news releases / VLO - Why I Sold Par Pacific Holdings

VLO - Why I Sold Par Pacific Holdings

Valero Energy Corporation
  • Par Pacific was initially intriguing as a niche oil refiner with unheralded positions in Hawaii and Wyoming (and now Washington).
  • The company wrote down its entire investment in Laramie Energy, and at March 31, 2021, liabilities were a steep 86% of assets.
  • While the refining sector has improved, sector economics alone are not enough to rescue this company. 2Q earnings will be announced August 4, 2021.

For further details see:

Why I Sold Par Pacific Holdings
Stock Information
Company Name: Valero Energy Corporation
Stock Symbol: VLO
Market: NYSE
Website: valero.com
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