Valero Energy and HollyFrontier Soaring in 2012 as a Result of Falling Oil Prices Five Star Equities Provides Stock Research on Valero Energy and HollyFrontier

Five Star Equities Provides Stock Research on Valero Energy and HollyFrontier
NEW YORK, NY -- (Marketwire) -- 08/02/12 -- The Oil & Gas Refining & Marketing Industry has soared in 2012 as result of falling commodity prices. U.S. oil prices have fallen 11 percent since early April, while the S&P Oil & Gas Refining Index has soared over 35 percent, outperforming the S&P 500 Index by a large margin. "The U.S. refiners are benefiting by having the cheaper oil," says energy analyst Andy Lipow. "It all comes down to the raw material." Five Star Equities examines the outlook for companies in the Oil & Gas Refining & Marketing Industry and provides equity research on Valero Energy Corporation (NYSE: VLO) and HollyFrontier Corp. (NYSE: HFC).
Access to the full company reports can be found at:
www.FiveStarEquities.com/VLO
www.FiveStarEquities.com/HFC
Industry bellwether Valero Energy shares surged Tuesday after reporting earnings that topped analyst estimates. The company and other U.S. refiners have benefitted from lower U.S. oil prices compared to the benchmark Brent crude. West Texas Intermediate is currently priced $17 a barrel lower than Brent crude. Lower oil prices have allowed refiners to reduce input costs and increase their margins. "The situation for U.S. refiners is not expected to change over the next 6-12 months," stated Lipow.
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Valero Energy Corporation is a Fortune 500 company, and is the world's largest independent petroleum refiner and marketer. The company reported net income for the second quarter of 2012 increased 11.7 percent. Revenues for the second quarter increased 10.8 percent to $34.7 billion. Shares of Valero have soared over 30 percent this year.
HollyFrontier is an independent petroleum refiner and marketer that produce high value light products such as gasoline, diesel fuel, jet fuel and other specialty products. The company operates through its subsidiaries facilities that can produce up to 443,000 barrels per stream day. HollyFrontier is scheduled to release second quarter 2012 results before market open on August 8, 2012.
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