Is Valero Really Standing on an 'Ocean of Oil"?

[TraderTate + 186]

Opinion piece on Forbes is plugging Valero, as such: 

VLO owns 15 petroleum refineries across the globe in the U.S., Canada, and the U.K, that collectively have a throughput capacity of about 3.1 million barrels per day. The CressCap five factor model has identified several core metrics in which Valero currently grades higher when compared to its peers, highlighted by strong grades in value, profitability and momentum. We believe that Valero's vigorous fundamentals, combined with the tailwind provided by the advancing price of oil, position the stock for positive returns in the months ahead.

Anyone think this is really a good buy right now?

[dowmike + 37]

yeah, they list the usual upside that will apply to almost anyone. but this as well: 

“Legislation authorizing the extension of the $1 per gallon biodiesel blender’s tax credit for biodiesel volumes blended in 2017 was passed and signed into law in February 2018. As a result, we will recognize a benefit to cost of materials and other in our refining segment results of operations for the first quarter of 2018 of approximately $170 million.”