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Here’s a trend I wish I had spotted early on. The oil refinery stocks have been spectacular for the past five years. In today’s Wall Strip, Lindsay looks at two in particularly, Valero Energy (VLO) and Tesoro (TSO).

From its 2002 low, Valero’s stock is up more than tenfold. Tesoro’s rise has been ever more dramatic. In October of 2002, the stock closed as low as $1.33, and it’s currently over $107.

The good times may be coming to an end. Earnings for both stocks are expected to slip this year and next. Also, the price of oil took a big hit yesterday.

Posted by edelfenbein at April 10, 2007 9:41 AM