VLO interesting, CHK dangerously interesting
VLO - Largest independent refiner in North America, can refine the cheaper heavy sour crude, great management, stock buyback underway, trading at 9 PE present and 8.24 future PE, when Yahoo Finance indicates the Oil and Gas Refining Industry average PE is 10.91.
CHK - Natural gas play. Great management with insider buying. This may be a bit tricky because of the mild winter in the US last year and an already large natural gas storage (rumor that at this pace, they may run out of storage for the natural gas later this summer). But then, with natural gas prices so beaten up already and a predicted active hurricane season, this may be worth a look.

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