2024-02-13 09:19:15 ET
Summary
- The energy sector, particularly refineries like Valero, has outperformed technology stocks in recent years.
- Valero's refining operations have achieved impressive sales volumes and mechanical availability rate.
- The company remains committed to delivering shareholder value through dividends and buybacks, supported by a strong balance sheet.
Introduction
Technology stocks have been a great place to be. I think we can all agree on that. It seems that everything tied to the current AI revolution is doing well, with stocks like NVIDIA ( NVDA ) flying higher like there's no tomorrow.
This has helped the S&P 500 to add 1,000 points between April 2021 and February 2024.
However, what's interesting is that technology was NOT the best-performing sector during this period. Nope. Energy did better, gaining more than 60%!...
Read the full article on Seeking Alpha
For further details see:
Riding The Refinery Wave: Why Valero Should Be On Your Radar