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COPYRIGHT 2005 FDCH e-media
Original Source: CNBC/DOW JONES BUSINESS VIDEO
MARK HAINES, CNBC ANCHOR: Let`s get back to these oil refiners. Earlier we talked to an analyst who named Valero Energy at his favorite stock in the group. Here is a one year chart of Valero -- whoa, that`s a nice move at 27.68 over the last 12 months. Can`t argue with that.
So what is ahead for this company? How long will high oil prices help before they hurt? Is the company in a buying mood? Joining us to answer those questions and more, William Greehey -- he is chairman and CEO of Valero Energy. Good morning sir, thanks very much for being with us.
WILLIAM GREEHEY, CEO, VALERO ENERGY: Glad to be here.
HAINES: We were talking earlier about the impact of high oil prices and we were told that Valero, among its facilities, has facilities that can process the so-called heavy or sour varieties and you make a better spread on that? You make a better margin on that, is...
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