 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Valero Energy Partners LP (VLP) focuses on the ownership, development, and acquisition of crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets in the United States.
Valero Energy Partners GP LLC operates as a general partner of the company. VLP is a fee-based master limited partnership formed by Valero to expand its transportation and logistics assets, including crude oil and refined petroleum products pipelines, terminals and other assets. Valero is the world's largest independent refiner, as well as a manufacturer and marketer of fuels and other petrochemical products with a total feedstock throughput capacity exceeding three million barrels per day.
VLP owns and operates pipeline and terminal systems that service Valero's refineries located in Port Arthur, Texas; Sunray, Texas; and Memphis, Tennessee. VLP generates income by charging for the use of those systems.
Shares of this recent IPO have formed a bullish "cup & handle" and should be heading higher in the near future.
52-Week Trading Range: $28.60 - $36.11
Entry Point: $35.55
Stop Loss: $33.77
Target Price: $39.10
VLP reached our target. Position closed at $39.10.
