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The Motley Fool August 6, 2008 Christopher Barker	Calumet Thrown a LIFO Vest Calumet Specialty Products managed a second-quarter gain of nearly 12%. Beneath the surface, however, challenges and red flags still abound.
The Motley Fool February 19, 2009 Christopher Barker	Calumet: 3 Strikes, You're Out! This specialty products refiner remains a risky bet after each of the past three quarters have raised major red flags.
The Motley Fool July 29, 2009 Christopher Barker	Valero Would Like to Cap and Trade Its Losses Valero has a message for you about taxes.
The Motley Fool November 7, 2008 Christopher Barker	Calumet Remains Too Close to Call Specialty refiner Calumet Specialty Products Partners is running a tight race between vastly improved operational metrics and a risky game of derivative roulette.
The Motley Fool January 28, 2010 Mike Pienciak	Is This the Bottom for Valero? Management predicts a financial turn from recent losses.
The Motley Fool October 29, 2008 Christopher Barker	Time to Refine Balance Sheets Instead of Gasoline Valero cuts back on capital expenditures until economic uncertainty abates.
The Motley Fool November 6, 2008 Christopher Barker	'Tis the Season to Be Holly Refiner Holly entered the earnings ring this week packing a one-two punch of improved gross refining margins and a pristine balance sheet.
The Motley Fool May 11, 2011 Isac Simon	Western Refinery Scripts an Incredible Comeback Sound management and improved market conditions help Western turn the tide.
The Motley Fool October 25, 2011 Travis Hoium	Western Refining Shares Got Crushed: What You Need to Know Oil is up big again today, rising more than 3%, and has put pressure on refiners today. Another big refiner, Valero Energy, has also been hit hard, so it isn't just a bad day for Western Refining.
The Motley Fool September 13, 2011 Aimee Duffy	Oil Refining: Buy or Sell? Murphy Oil and others jettison refining business to focus on E&P
The Motley Fool January 29, 2009 Christopher Barker	Strung Out on Crack Spreads and Goodwill Valero Energy released fourth-quarter and year-end results and turned what could have been a solid quarter into a nightmare by taking a $4.1 billion goodwill impairment charge.
The Motley Fool November 6, 2009 Mike Pienciak	Frontier Oil Finally Falls Strong? Yes. Invincible? No. The stock is down roughly 15%, and the company's swung to a third-quarter loss.
The Motley Fool September 11, 2009 Christopher Barker	Refiners Already Feel a Chill Valero is hunkering down for a tough winter.
The Motley Fool August 12, 2009 Christopher Barker	Holly Dances Through a Tight Spot The refiner's strength shines through under adverse conditions.
The Motley Fool May 18, 2011 Isac Simon	Oil Companies Rocked by Violent Derivative Exposure These contracts have seemingly altered the bottom lines of mid-cap oil stocks, but do they really affect companies' performance?
The Motley Fool May 12, 2009 Christopher Barker	A Reversal of Refining Fortunes Several refiners swing to profits as gasoline margins improve.
The Motley Fool May 2, 2011 Isac Simon	Take a Look at Valero's Stunning Turnaround Demand for fuel and smart business moves propel the company into a healthy first quarter profits despite hedging losses.
The Motley Fool November 10, 2011 Dan Caplinger	Has Valero Become the Perfect Stock? If you're looking for a way to bet on long-term demand for energy, Valero has plenty of potential -- and could get a lot closer to perfection in the years ahead.
The Motley Fool February 19, 2009 Christopher Barker	Refining That Competitive Advantage Refiner Holly not only delivered a solid fourth quarter that crushed analyst expectations by more than 70%, but also utilized this period of weakened demand to increase its long-term competitive advantage.
The Motley Fool August 27, 2008 Christopher Barker	There's Nothing Refined About Sinopec's Results Painful losses in refining continue to weigh on Chinese energy stocks.
The Motley Fool July 30, 2008 Christopher Barker	Valero's Profits a Bit Less Refined Valero struggles through a difficult environment for refiners.
The Motley Fool February 4, 2008 David Lee Smith	Unrefined Results at Marathon Marathon Oil manages to lose almost all of its downstream earnings in the final quarter of 2007.
The Motley Fool August 11, 2011 Jim Mueller	Rising Star Buy: Western Refining Knocked down, but fundamentally improving.
Financial Advisor January 2012 Brad Zigler	The Future of Refiners Foretold Refining has been a particularly volatile business since the 2008 economic nosedive.
The Motley Fool October 4, 2007 David Lee Smith	Big Oil About to Flip With refinery margins dropping, expect the Big Oil companies to report down quarters. Investors, take note.
The Motley Fool November 2, 2011 Isac Simon	Valero Energy Hits the Jackpot A fantastic third quarter with promises for more.
The Motley Fool March 27, 2006 Will Frankenhoff	Valero Spins Crude Into Gold Valero's ability to inexpensively produce low-sulfur gasoline should spark investor interest.
The Motley Fool October 8, 2010 Jeremy Phillips	Should You Sell Western Refining Right Now? Western Refining has failed four of the quick tests that would make it a sell.
The Motley Fool October 25, 2007 David Lee Smith	ConocoPhillips Leads a Majors Parade This quarter, Conoco's higher upstream income wasn't able to overcome lower refining results.
The Motley Fool November 21, 2011 Jim Mueller	Western Refining Is a Bargain Despite the collapse of the Brent-WTI spread, this refiner is far from doomed.
The Motley Fool August 2, 2007 Toby Shute	Valero Rises Through Cracks There's nothing crude about Valero Energy's business model. Buy oil and turn it into more valuable end-user products.
The Motley Fool September 9, 2004 Chris Mallon	The Best Oil Stock You Don't Own Valero Energy has been one of the best performing oil stocks this year, but will it continue?
The Motley Fool October 28, 2009 Mike Pienciak	Valero's Still a Loser For this oil refiner, waiting out the economy is a sucker's game.
BusinessWeek October 24, 2005 Robert Barker	Valero's Sweet Spot A once deep undervaluation of independent petroleum refiners has been righted.
The Motley Fool October 13, 2010 Brian D. Pacampara	Western Refining Shares Popped: What You Need to Know Shares of independent oil refiner Western Refining rose 15.5% in intraday trading today after a Wall Street analyst upgraded the stock.
The Motley Fool November 14, 2006 Jean Graham	Valero: Sludge in the Pipeline Slowing organic growth may be keeping investors at bay.
The Motley Fool April 7, 2004 Ben McClure	Refiners Pumped Up Refinery stocks are way up, but leave them alone.
BusinessWeek November 15, 2004 Wendy Zellner	Crude Lessons About Oil Low-quality $35-a-barrel oil is plentiful, but refineries lack the capacity to handle it. The result is that the price of oil -- and of products made from it -- is higher and more volatile than it might be.
The Motley Fool August 11, 2006 Robert Aronen	20-Bagger on the Move After a 20-fold gain in four years, can oil refiner Giant Industries keep growing? Investors, take note.
The Motley Fool October 19, 2011 Aimee Duffy	Natural Gas Fuels Another Acquisition Kinder Morgan buys El Paso.
The Motley Fool April 6, 2010 Mike Pienciak	The Last Beaten-Down Industry to Pop Are the U.S. independent refiners a contrarian's dream investment or nightmare?
The Motley Fool December 21, 2010 Seth Jayson	Has Calumet Made You Any Real Money? With 14.7% of operating cash flow coming from questionable sources, the refiner's investors should take a closer look at the underlying numbers.
The Motley Fool August 8, 2006 Stephen D. Simpson	Valero Prints Money Constrained refinery capacity and high oil prices fuel Valero's engine. Investors, take note.
The Motley Fool April 27, 2005 Bill Mann	Valero Comes Closer to the Edge On Monday, Valero announced the purchase of rival Premcor, creating the largest U.S. refiner by capacity. This time, refining assets have been bid up substantially. If we're at a peak, Valero could be asking for trouble.
The Motley Fool June 3, 2009 Christopher Barker	Valero Taps Shareholders ... With a Sledgehammer Valero's move to dilute shareholder equity by almost 8%, announced in the same breath as a massive reduction in second-quarter profit guidance -- from a $0.59-per-share gain to a $0.50 loss -- pains investors like a one-two punch.
The Motley Fool August 17, 2010 Charly Travers	Insiders Are Buying Calumet Specialty Products. Should You? Does insider buying and a cheap price make for a good buy?
The Motley Fool March 16, 2011 Zeeshan Siddique	Valero's U.K. Debut: The Beginning of Something Huge By acquiring a Chevron refinery, the oil contender secures a European foothold.
The Motley Fool January 31, 2006 W.D. Crotty	A 7-Bagger They Call Valero Valero energy reports record 2005 results. On a price-to-peers basis, the company looks fairly priced even though it's just below its 52-week high.
The Motley Fool May 7, 2004 Bill Mann	Oil Hits $40 And the high price of petroleum seems likely to persevere.
The Motley Fool October 27, 2004 Bill Mann	Nothing Sour About Valero The oil company demonstrates what can happen when you have an absolute advantage in material costs.