TT101 COMPANY RESEARCH · LAST UPDATED 25 SEP 2026
$VLO
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TT101 SETUP
Direct New · no M Support / TT Good RR yet
RESEARCH STATUS
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Thesis Summary
VLO shares the fresh refining catalyst with MPC and has strong cash generation, but location is not yet favorable enough for a TT101 entry.
Growth & Cash Flow
Strong cash-generation profile; Q2 refining economics improved sharply.
Catalysts
Strong refining margins and tight diesel supply.
Risks
Refining margins are cyclical and the stock lacks a current TT101 structural entry zone.
Current TT101 Watch
Research now; wait for TT Good RR or M Support rather than chasing.
Update History
25 Sep 2026 — Initial TT101 research record. Current thesis, latest fundamental evidence, setup context and key risks established from Daily Market Intelligence Issue 64.
Research source: Valero Q2 2026; Reuters Sep 21. TT101 research is informational and educational.
