Watch List: Valero Energy Corporation (VLO), Synergy Resources Corp (SYRG)


Valero Energy Corporation (NYSE:VLO):

The company’s RSI reading has hit 58.86. The stock edged higher by 1.06% to close previous trading session at USD 65.85.

The shares of the company fluctuated in the range of USD 51.68 and USD 73.88 in the course of 52 weeks. Over the three months, the company’s shares have declined by -7.23% and in the past one year, it has gained 10.23%. Additionally, the stock’s year to date performance has declined -5.96%. Over the last five days its shares have surged by 2.27% and in the past six months it has moved up 11.78%.

Further, the company is trading at a price to earnings ratio of 8.33 and the stock is at a price to book ratio of 1.54. The stock’s weekly volatility is calculated as 2.94% and monthly volatility as 3.35% with ATR of 2.15, beta of 2.00 and price to cash ratio of 7.53.

Valero Energy Corporation (VLO) operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, and bulk sales and trading activities. This segment produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), reformulated gasoline blendstock for oxygenate blending, diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel fuel, distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined products. As of February 19, 2016, it owned 15 petroleum refineries with a combined throughput capacity of about 3.0 million barrels per day. This segment also markets its refined products through bulk and rack marketing network; and through about 7,500 outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco brand names.

Synergy Resources Corp (NYSEMKT:SYRG):

The stock increased by 3.32% to close last trading session at USD 8.72. The company’s shares oscillated in the range of USD 8.32 and USD 8.73 during intraday trade.

A total of 1.50 million shares exchanged hands, below its 3 month average volume of 2.53 million shares. Over the last five days its shares have surged by 10.66% and in the past six months it has moved down -16.56%.

Furthermore, the stock has weekly volatility of 7.30% and monthly volatility of 7.71% with ATR of 0.57. The stock’s RSI is 65.40 and distance from 50-day simple moving average is 35.23%, whereas its distance from 20-day simple moving average is 20.07% and distance from 200-day simple moving average is -9.18%.

Synergy Resources Corp (SYRG) on March 1, 2016 issued an update regarding its operations in the Wattenberg Field, and changes to the Company’s year-end and its Board of Directors.


The Company is finishing the drilling activities on its Vista pad where ten standard length wells, about 4,200 feet in lateral length, are being drilled to test the Niobrara A (3 wells), Niobrara C (4 wells), and Codell Formation (3 wells).  Four of the wells were drilled in late 2015 and utilized an intermediate string of casing. In late January 2016 a newer build rig was mobilized to drill the last six wells allowing the Company to utilize technology that eliminates the intermediate string of casing, reducing drill time and costs. The Company owns an approximate 77% WI, 65% NRI interest in the wells and the timing of completion activities is discretionary based upon service costs and commodity prices.

The rig will be mobilized to Synergy’s recently attained 1,100 acre Fagerberg pad, where the Company has an approximate 96% WI, 77% NRI interest in the wells. The Fagerberg pad will consist of 14 mid-length lateral wells, about 7,900 feet in lateral length, to test the Niobrara A (2 wells), Niobrara B (5 wells), Niobrara C (3 wells), and Codell Formation (4 wells).