Jim Cramer Says Refiners Like Valero as Potential Winners From Venezuelan Oil
Valero Energy Corporation (NYSE:VLO) is one of the stocks Jim Cramer offered insights on. Cramer highlighted the company while discussing the opportunity for US refiners, as he stated: “The US refiners, especially Valero, may be a big beneficiary of that oil because they still have refineries that can handle what’s known as heavy crude. That’s what Venezuela produces. Valero, Phillips 66, and Marathon Petroleum could be big winners in the US, but only if they can divert that oil to the Gulf. Who knows? Ve ...